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Incorporation and Legal Structures

When starting a business, choosing the right business structure is crucial. It affects how much you pay in taxes, your ability to raise money for your business, and the paperwork you need to file. It also affects your personal liability, which is a major factor for business owners. There are several types of business structures. They include sole proprietorships, partnerships, corporations, and nonprofit corporations. Each has different income tax rates, tax returns, and rules about handling business debts and income.

Here, you will find resources to help you determine the appropriate legal structure for your business.

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