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Be aware that a wrong business set up can be costly to you and your business. Switching it over to another business structure later, will cost you even more money and a headache.
Essentially, when setting up a new business, you must understand that there are different ways to structure your business and organize it. Each structure has its advantages and disadvantages.
Depending on various aspects of your business, such as: what type of business, debating whether to go into this venture alone and/ or with a partner/ partners, from liabilities, to how your business will be taxed. These are just a few thing that should be considered before choosing and setting up a business entity structure.