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Many small small business owners start with a sole proprietorship to the costs of forming a corporation or LLC. This can be a wise decision as statistics show that a lot of small businesses lose money for the first several years.

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There can be a fine line between tax evasion and tax avoidance. Tax avoidance is legal while tax evasion is criminal. If you would like to pursue advanced tax planning, professional you go for it with marginally of a tax professional that definitely going to defend the strategy to the Irs.

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