Transcript

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Depending on the type of business that you're operating, will determine what legal issues you have. The four primary legal structures are sole proprietorship, partnership, limited liability companies, and corporations. Depending on whether you have issues with asset protection, meaning protecting the things that you own outside of the business, and if you have an issue with respect to the taxes and how you want to be taxed as a business entity, those are the things that you would consider before you make a determination as to what legal structure to choose.