Thread started: Sep 21 2007, 8:29 PM EDT
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Can you explain the difference in tax structure between sole-proprietorship or incorporating? The business I seek to purchase is a small motel/rv park. I was thinking of incorporating as a LLC to protect my family assets, however, the seller suggests remaining sole-proprietor because there is less taxes to pay. The business is small and we will not have employees. Please advise.
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