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OLLC (Limited Liability Corporation). You can be described as sole proprietor - alone in your online business - and enjoy an LLC. The difference here that the liability (if you get sued) is really a lot reduced over that connected with sole proprietorship. You are necessary to have the business name or company name. Your income flows through your regular tax recur. You may very well qualify for a refund, additionally. Depending on the type of business you have, this is usually a good resolution.

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