Chapter 2 - Selecting the Best Business Structure
In this chapter, Hanley explores the pros and cons of the five main types of entities: Sole Proprietorships, Partnerships, S Corporations, Limited Liability Companies (LLCs), and C Corporations in order to help you determine which type of entity will be the right choice for your business.
Some factors discussed include potential tax liability, audit risk, personal liability protection, and setup cost.
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