Unlock the Secret Blueprint: Which Type of Business Ownership Will Skyrocket Your Success and Which One Could Tank It?
If you opt for a limited liability company or a corporation, you can build your brand with limited liability, although there are other caveats to consider, such as corporation tax.
How many owners are there?
Are you starting your entrepreneurial venture alone or with a group of like-minded individuals? The number of owners you have as part of your structure will also be a major factor in which structure you choose. You don’t want to set up as a sole proprietor on paper, with a verbal agreement to share ownership, only to end up having some difficult conversations down the line.
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