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Comparison Chart: What Are the Differences Between Different Corporate Structures?
Starting a business can have huge financial and legal implications. The decision on whether or not to incorporate can be a complicated one. Ultimately, you will want to consider these factors:
- Your own personal assets and liabilities
- Your existing capital and need for outside investors
- Your ability to attract outside investors
- State licensing, statutes, and tax requirements
- The time commitment necessary to handle regulations and formalities
- The size, scope, and type of business you're starting
- Startup costs, including licensing and other fees
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