Kelley School Of Business

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“Partnerships are nice for businesses operated by a number of individuals. It hews most closely to a sole proprietorship in that the people tackle the business legal responsibility and pay taxes on a personal level.” An LLC is a more complex business structure than a sole proprietorship and might embody people, corporations, and other LLCs as members. Additionally, LLCs usually are not subject to a separate degree of tax and supply the business owner liability protection and tax benefits.

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