There are four types of structures that an up and coming business can choose from – sole proprietor, LLC, S-corporation, and C-corporation. One of the benefits of hiring an accountant is that they can help you determine which structure will work best for your business.
Sole Proprietor
this type of structure is for those who work for themselves and have no partners involved with the business. This is the most common choice for those who are self-employed or who are freelancers, explains Carlos Hank Rhon. It is the easiest to set up, with only one tax return and one bank account..........................Read More
Content Source: Consideration in Forming Your Business Structure
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