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Business LibreTexts

16.8: Concluding Thoughts

  • Page ID
    49140
  • Depending on a business’s type and goals, different business entities may fit the needs of owners better than others. It is important when starting a business to decide how to minimize tax and liability exposure and to maximize profits. Because there is no perfect “fit” for every business need, understanding the advantages and disadvantages of the various business entities is important.