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Choosing an Entity for Your Company - Asset Protection
By Jo Ann Joy

The entities to choose from are:



Sole Proprietorships


General partnerships


Limited partnerships


C and S corporations


Trusts, and


Limited liability companies

The factors that affect the choice of entities are:



income tax and asset protection consequences


ease and cost of formation


number of owners


restrictions on ownership


privacy, control, management


owners’ protection from liabilities of the entity

Limited Liability Company Formation



Protect personal assets and income


Limit liability to the assets of the company


Se...
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