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Choosing a business organization

Question
What are some factors in choosing a business organization? 
Answer
When deciding which legal form of business to choose, here are the major factors to consider:

- Personal liability
- Profitability
- Capitalization
- Nature and number of owners
- Financial situation of owners
- Tax issues
- Complexity of the operation

Seek the advice of a business attorney and a certified public accountant to help you make this important decision and to handle the details. 
Brain Trust contributor: Author of J.K. Lasser's Small Business Taxes 2007
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