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QUESTION DETAIL
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Votes
When opening a business in the state of Illinois; Is it best to open the business as a sole proprietor, LLC, LLP or incorporate it as S or C Corporation? Which gives the best benefits.
ANSWER
The BIDaWIZ Team's Answer:
The best business entity, for a single business owner
is to form an LLC, and apply, with the IRS, to have the
LLC taxed as a subchapter S corporation.
