What are the legal structures of a new business?

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Craig Smalley, Tax Professional

@cwseapa • 07/05/15 This answer was first published on 07/05/15. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You would want to talk to an accountant to see the best way to structure your business when you 1st start out. It may be in your best interest to form an LLC, or a corporation. It can also be in your interest just to be a sole proprietorship. It all really depends on what your tax situation is.
Craig W. Smalley, E.A. – Admitted To Practice Before The Internal Revenue Service

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