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Business eServices


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Determine the Ownership Structure
Establish Your
Organization
 Finance Your
Business
 Tax and
Licenses
 Grow and
Maintain

Careful consideration should be given to a company’s legal structure. Some questions to ask:
  • How many owners will there be?
  • How important is it to limit personal liability for debts or claims against the business? In general, incorporating is the best means of limiting liability.
  • Which business structure will result in the lowest taxes? There is no universal answer to this question. Tax-wise, however, some structures are better than others.
Use the links below to view definitions of these legal business structures. See a comparison chart on the advantages and disadvantages of different business structures. Content for this comparison chart was drawn from the US Small Business Administration and other sources.

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