Business Entity Planning Worksheet Style 127

Also note: A sole proprietorship has a limited life, meaning the business as an entity cannot be transferred to another owner. Since there is no distinction between you and your business, transferring your business to the ownership of another person would be like transferring yourself to the ownership of another person. There's no one best business entity choice for all small businesses, but there is a best option for your small business right now. Use the tips above to figure out what that is. Your choice of business entity is a very important one. It can affect how people perceive your business and has a big impact on your legal exposure and finances. There's no one best business entity choice for all small businesses, but there is a best option for your small business right now. Use the tips above to figure out what that is.

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