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The Most Common Forms of Business Structures in the US

The most common forms of business structures in the US are corporations, limited liability companies (LLC), general partnership, and sole proprietorship. Each of these has its own benefits and drawbacks with respect to complexity, cost, taxation, periodic reporting requirements, liability protection, and ease of setup. Also, some business forms have substructures within them such as Professional Corporation, C Corporation, and S Corporation. Choosing the right business structure requires complete consideration of all the advantages and disadvantages that accompany each structure. Here’s a deeper insight of the common business structures.

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Technology

Various Business Entity Structures and Their Different Tax Types in the US

There is a common misunderstanding between types of business structures and how they are taxed. Some business owners cannot even tell the difference between an S Corporation and an LLC. You will hear a person saying that he owns an LLC, but is taxed as an S Corp. What is happening here is that the business owner is confusing his tax status with his business entity structure.

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Technology

5 Mistakes to Avoid When Scaling Your Tech Startup

Most startups must endure and combat growing pains on their growth journey. Mistakes are inevitable, but if you’re aware of the common blunders entrepreneurs tend to make, you can side-step them and meet milestones more confidently. Here’s a look at five and how you can avoid them.

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