Congratulations! You’ve decided to launch your own business. As you encounter these critical steps to officially starting your dream business, it is essential to understand business entities. A business entity is an organization formed by individuals to conduct business. There are five primary types of business entities, all of which operate in various methods. The five types include sole proprietorships, general partnerships, LLCs, C Corporations, and S Corporations. We will discuss these business entities to provide an increased understanding and awareness of what they are and how they work.
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