Following is a checklist of most of the important things to consider when starting up a business and structuring it properly. Keep in mind that the primary intent and benefit of setting up a business is to make a profit. A secondary benefit is the tax savings incurred by being able to deduct expenses for the purpose of building the business. Note: This list may not be comprehensive because each state has its own requirements. Information provided is not legal or tax advice, they are statements of experience, seek legal and tax help from a licensed professional.
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