Choosing a legal structure
Course description
Choose from five common business structures for a new business: sole proprietorship, partnership, LLC, C-corp, and S-corp. I’ll explain the differences between these structures in this lesson.
KEY TAKEAWAYS
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Sole proprietorships and partnerships are the easiest to set up and run.
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Corporations are more complicated but come with tax benefits and liability protection.
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An LLC provides liability protection and is more flexible than a corporation.
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