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Tax tips - Aug. 1, 2012
IRS can help when starting a small business
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If you are opening a new business this summer, the IRS has some basic federal tax information to help you get started. Here are some things to consider when starting a business: • Type of Business One of the first decisions you need to make is what type of business you are going to establish. The most common types of businesses are sole proprietorship, partnership, corporation, S corporation, and Limited Liability Company.