Choosing the Right Business Structure for Your Consulting Business
Update: 2025-08-25
Description
Selecting the appropriate business structure, such as sole proprietorship, partnership, LLC, or corporation, is crucial for a consulting business as it impacts taxes, liability, and credibility. An LLC is often preferred for consultants due to its flexibility and protection, while corporations are suitable for larger, scalable firms. Consider factors like tax efficiency and risk tolerance when deciding, and seek guidance from services like MyCorporation for a successful launch.
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