If you're thinking about starting a business, or you're ready to incorporate, you may be wondering: which business type is best for me? Over the past few years, more options have opened up for business owners, including formation options like limited parterships and limited liability corporations, or LLCs. These are now two of the most popular entities because they come with many advantages. It's even possible to merge the two.
If you're trying to decide which of these two options is best for your business, let's review them together.
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