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On the other hand, devising a less than efficient organizational structure can spell doom for the otherwise successful venture. There is no structure that provides total immunity or security. Likewise, corporate blueprinting is not for the purposes of bypassing ethics or one’s duty of care. Although it may not protect the entrepreneur from every unforeseeable accident, the right structure can limit losses while creating extraordinary tax advantages.
Beyond the limited partnership and corporation as choices of business structure, which will be outlined in more detail below, there are several other potential structures that businesspeople may consider...
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