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WebUsing a business credit card allows a business owner to easily separate work and personal expenses, better manage business expenses, and all while getting greater perks, rewards and a higher spending limit than a personal credit card. Business credit cards vary in their offerings, and each business owner should determine which card structure ... If you start a solo business, you might consider a sole proprietorship. The company and the owner, for legal and tax purposes, are considered the same. The business owner assumes liability for the business. So, if the business fails, the owner is personally and financially responsible for all business debts. Pros … See more An LLC limits your personal liability for business debts. LLCs can be owned by one or more people or companies and must include a … See more An LLP is similar to an LLCbut is typically used for licensed business professionals such as an attorney or accountant. These arrangements require … See more A corporation limits your personal liability for business debts just as an LLC does. A corporation can be taxed as a C-corporation (C-corp) or an S-corporation (S-corp). S-corpstatus … See more how did richard thomas die
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