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How Business Legal Structures Work


Why should I care about business legal structures?

Think about what can happen when you start your business. In a simplified way, there are two scenarios. One scenario is that your business will be a success and profitable. The other scenario is that your business will fail and lose money. By setting up your business structure correctly, you will be better off in both scenarios. The flip side of that is also true; by not setting up your business structure correctly, you will make yourself worse off in both scenarios.

So, if it is so important to set up a business structure correctly then why isn't there more straightforward information on the topic? Most likely, the lack of information stems from the multitude of structures available and the nuances of each. Even entrepreneurs who study the details of each type of structure are often left confused with information overload. Therefore, while setting up your business structure is not one of the most sexy aspects of starting a business, it can indeed end up being one of the most important.


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