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Navigating LLC vs. Corporation, Sole Proprietorship, and Partnerships When launching a business in Georgia, one of the foundational decisions an entrepreneur faces involves entity formation (or selecting the appropriate legal structure). This choice can have far-reaching implications for taxation, liability, and the ability to attract investors. The most common business
A sole proprietorship is the simplest, least regulated, and most common form of business organization in the United States (but not in Georgia, that is the LLC, which we will get to later). Legally and for tax purposes, the individual owner is the business. The liabilities and profits are personal
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