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Insight

1/18/2008
Colorado Springs Business Journal

Basics of Business Entities and the Launch of the LLC

Basics of Business Entities and the Launch of the LLC

One of the most important preliminary choices that the entrepreneur must make is what type of entity or ownership structure to use for the business. When evaluating this key decision, business owners should consult an accountant or other tax professional to determine tax implications of each structure. Traditionally, the most common structures for businesses included sole proprietorships, partnerships and corporations.

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