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OLLC (Limited Liability Corporation). You might just be sole proprietor – the only person in your business – and enjoy an LLC. The difference here is your liability (if you get sued) is quite a bit reduced over that of a sole proprietorship. You might want to have a specific business name. Your income flows through your regular tax bounce right back. You may very well qualify to enjoy a refund, really. Depending on the type of business you have, this is usually a good strategy.
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