Types of Business Entities & How to Choose the Right One
tillful
NOVEMBER 22, 2022
For example, if you’ve been in business since 2017, but only registered in 2022, you wouldn’t qualify for loans that require at least two years in business (like SBA 7(a) loans, for example). This entity protects your personal assets from liability in the event of a business lawsuit or bankruptcy. Limited liability company (LLC).
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