A big question for new entrepreneurs is the selection of the business entity. Entrepreneurs can generally choose from a number of different entities when incorporating their business. However, due to the fluid nature of businesses, the advantages and disadvantages are not always clear at the time of formation. Making the right choice for your business will generally depend upon the type of business, how you want the business to be run, how many owners the business will have, and the financial situation of the business. It may not be possible to find the business structure that will perfectly fit with the needs of your business, but there are some criteria that you can use to find the one that works the best.
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