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OLLC (Limited Liability Corporation). You can be a sole proprietor - alone in your online - as well as having an LLC. The difference here is your liability (if you get sued) is significantly reduced over that from the sole proprietorship. You are necessary to have a specific business name or company name. Your income flows through your regular tax bounce right back. You may very well qualify to have refund, absurdly. Depending on the type of business you have, this will be a good treatment.

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Most states require business enterprise name to separate with a business or limited liability company designator. And include words such as incorporated, corporation, company, Limited liability company or their abbreviations, such as: "Inc." "Corp." "Co." "LLC" "L.L.C." etc.

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