Here’s what you need to choose a business structure.

The U.S. Small Business Administration has a very helpful resource for those struggling to decide if they should have a sole proprietorship, partnership, Limited liability company (LLC), corporation, nonprofit or cooperative.

They say that “the business structure you choose influences everything from day-to-day operations, to taxes and how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits.”

Here is a link to the resource page on their website.

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