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Published on May 26, 2014
When creating your business, you have four basic entity types you can choose to use. You can choose to be a Sole Proprietorship, this is the simplest option to start a business. Then you have General Partnership, S Corporation, C Corporation, and Limited Liability Company. Each one has its advantages and disadvantages, based on what you sell, your business's finances, and the number of owners the business will have. As a business owner you have to select the structure that best fits your business needs.