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Company Types, Taxes, and that is in control

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Dealing with relatives and buddies is hard. Working together with a partner is also more complicated as you don’t desire to lose your relationship into the needs of this company. But before you begin, the chances are better for both your marriage and your business to succeed if you make some decisions and put things in writing. ? ?

Before Starting Into Business With Your Better Half

Some decisions you must make:

  • What company legal type will you employ?
  • Will both partners be owners?
  • Will both partners take part in managing the business enterprise?

Needless to say, you shall have to think about the income tax effects of these choices. Read more »