When starting a small business, one of the most important decisions you’ll make is how to structure your business entity. Small business owners commonly choose to structure their companies as LLCs or corporations. In a survey by the National Small Business Association, 42% of businesses were S-corporations, and 23% of businesses were limited liability companies (LLCs)….

Priyanka Prakash writes for NerdWallet. Email: articles@nerdwallet.com.

The article LLC vs. Corporation: Key Differences and How to Choose originally appeared on NerdWallet.

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