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Great post, entrprnr. However, from my own experience, being a sub s corporation (rather than a partnership) has saved me a lot of money on tax breaks. My business consists of just 2 people (both of us being the only shareholders), including myself. My best advice to people just starting out is to educate yourself and talk to an accountant (and a lawyer). Hopefully, they will guide you in the appropriate direction for your needs.
Cassie
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