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Thank you for your question. Please permit me to assist you with your concerns.The most flexible business structure in this instance would be an LLC. S-Corps are also a good choice as their tax structure may be more favorable if the income is under $200,000, and an S-Corp is impossible to sell by an another artificial entity, making it somewhat protected from takeovers. Good luck.
Ok so back to the s corp, I'm not sure what you meant on being impossible to sell by another art/entity, to be somewhat protected from a takeover?
Denzil,An LLC has shares. Those shares can arguably be purchased by someone else. For example if you choose to later give away ownership shares, you can do so. That could allow a third party (which could be an another LLC or C Corp) to buy up shares and take over control from you.An S-Corp is somewhat different. S-Corp shares are limited, they can only be transferred to individuals, not businesses, there is a limit on how many shareholders an S-Corp may have, a limit on the site of income, and a limit on how those shares can be transferred as well as their amount. An LLC has none of those limitations.Since an S-Corp share cannot be sold to a business entity, an S-Corp is immune from being owned by an another business entity and from becoming a subsidiary.Good luck.
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