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OLLC (Limited Liability Corporation). You can be sole proprietor - the only person in your business - then have an LLC. The difference here that the liability (if you get sued) is quite a bit reduced over that of your sole proprietorship. You are expected to have a precise business company name. Your income flows through your regular tax recur. You may very well qualify to secure a refund, absurdly. Depending on the type of business you have, see this can be good treatment.

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