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<br />A question that people starting a new business venture should address early on is the legal form the business will take. In most cases, the four general categories to choose from will be: (1) sole proprietorship; (2) partnership; (3) limited liability company (LLC); and (4) corporation. Each of these business entity form options has its own specific set of requirements for proper formation, operation, and termination.<br /><br /><!–mep-nl- /> state, and local income taxes. For instance, will your business be required to collect and remit sales tax? What payroll tax obligations will your business have? <br /><br /><!–mep-nl–><!–mep-nl–><strong>•<!–mep-tab–>LIABILITY</strong><br /><!–mep-nl–>The legal form of your bu

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About the Author

Joan Brackin

Joan is a master networker and connector with a diverse background in engineering, environmental technology and business development. She is adept at working side by side with entrepreneurs through the early stages of their start-ups to the successful launch of their business venture.

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