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	<title>Comments on: What type of business should I mark my business to operate as?</title>
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	<description>Your Guide to Accomplish a Deal</description>
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		<title>By: glenn w</title>
		<link>http://www.dealsteps.com/archives/2003/comment-page-1#comment-3142</link>
		<dc:creator>glenn w</dc:creator>
		<pubDate>Sun, 31 Jul 2011 22:43:46 +0000</pubDate>
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		<description>First off, let me congratulate on your business venture. I&#039;m so excited for you because of the strong passion I have for business and hopefully you will gain one to. I wish you the best of luck and I hope to quickly here from you about the success you are having with your company. From personal experience this will be a task you won&#039;t regret, but at the same time please understand that it will be challenging. 

Now to answer your question on if you should operate a business as a corporation or sole prietorship, you first need to understand the difference between a corporation and a sole prietorship. If you chose to go the sole prietorship option, than a question u need to be prepared to answer is are you willing to put up personal assets for the sake of your company. In other words, if things go wrong with your company are you willing to put up your house or car. Yes you will be able to gain all profits but if things go wrong you are the only one responsible for all aspects of the business as a sole prietorship.  With a corporation you will have to pay more and higher taxes. On the other hand all debts will be divided amongst all owners. I personal would use the corporation option because it is less risky. Again I wish you the best of luck and hopefully I answered your question. If you have any other questions pertaining to business, than don&#039;t hesistate to send me a email.</description>
		<content:encoded><![CDATA[<p>First off, let me congratulate on your business venture. I&#8217;m so excited for you because of the strong passion I have for business and hopefully you will gain one to. I wish you the best of luck and I hope to quickly here from you about the success you are having with your company. From personal experience this will be a task you won&#8217;t regret, but at the same time please understand that it will be challenging. </p>
<p>Now to answer your question on if you should operate a business as a corporation or sole prietorship, you first need to understand the difference between a corporation and a sole prietorship. If you chose to go the sole prietorship option, than a question u need to be prepared to answer is are you willing to put up personal assets for the sake of your company. In other words, if things go wrong with your company are you willing to put up your house or car. Yes you will be able to gain all profits but if things go wrong you are the only one responsible for all aspects of the business as a sole prietorship.  With a corporation you will have to pay more and higher taxes. On the other hand all debts will be divided amongst all owners. I personal would use the corporation option because it is less risky. Again I wish you the best of luck and hopefully I answered your question. If you have any other questions pertaining to business, than don&#8217;t hesistate to send me a email.</p>
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