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3 tips for forming and running an LLC

You want to open a new business but are not sure where to start. Forming a small business as a limited liability company, or LLC, is a popular choice for many people. You might consider this option due to the legal protections this business structure offers without the burdens of a corporation. The thought of creating and operating an LLC may seem daunting, but it can be done with the right help.

The differences between debt relief and bankruptcy

Debt relief and bankruptcy are two options for financial help if you are struggling with significant debt. Debt relief, sometimes called debt settlement, is a strategic negotiation process with creditors to pay less than what you owe. Chapter 7 bankruptcy wipes out your debt and chapter 13 bankruptcy consolidates your debt into a more affordable repayment plan.

Choosing a business structure

So, you are ready to launch a business but are not sure what type of business structure would best fit your needs. Choosing the type of business entity to create has long-term implications and will factor in to how you pay taxes and how liable you are if your business suffers losses, among related considerations.

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