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Stamford, CT business law attorney

When starting a business in Connecticut, one of the most overlooked issues is how to structure the business. The business entity that you choose will have a profound impact on your rights and responsibilities as a business owner. The way your business is taxed, the liability you expose yourself to as a business owner, and several other critical issues are affected by the business entity you select. Choosing the wrong business structure can lead to considerable financial and legal problems.

Deciding How to Structure Your Business

There are many different things to consider when choosing a business entity. One of the most significant differences between LLCs, partnerships, and other business entities is the degree to which the business owner’s personal assets are at risk. This is a major issue to consider when starting your business. You should also consider the tax implications of different business structures and whether you plan to share ownership with one or more individuals.

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