Can't Afford to Incorporate?

Here's a solution to use until your business takes off.

If limited liability is not a concern for your business, you could begin as a sole proprietorship or partnership so that monetary losses in the early years of the company can shelter your other income. These "passed-through" losses can offset other income you may have. Then, when the business becomes profitable, you can incorporate.

Excerpted from Start Your Own Business: The Only Start-Up Guide You'll Ever Need

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