Chapter 2: Your Business Structure
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Chapter 2: Your Business Structure
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When starting a small business, one of the first decisions you have to make as an entrepreneur is to decide which legal structure to adopt. The choice of legal structure can have a significant impact on the operation and management of your business, as well as your liability. One of the biggest implications when making this decision is taxes. In this chapter, we will discuss the different legal structures that small businesses can choose and look at the advantages and disadvantages of each.
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