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Forming a Business: Tax and Management Considerations When setting up a business, one of the earliest and most critical decisions is determining the type of business structure you’ll adopt. This choice not only affects how your business operates but also shapes its tax responsibilities and management style. In this guide, we’ll break down the key things to think about when forming your business, focusing on different business structures, their tax implications, and how they impact how your business is managed. Understanding Business Structures: A Brief Overview Before diving into the details of taxes and management, the following is a brief