Preferred Insurance Agent
Choose Your Business Structure Keep Personal Liability in Mind
Do you want to separate your personal assets from your business or take the risk and be a sole proprietorship? Your business structure affects daily tasks for your future like how much you pay for taxes, additional paperwork to fill out, additional entity licensing, state registration and maintenance, and other factors. These are questions only you can answer, so be sure to take time and do your research to weigh out your risks. We suggest talking to a legal counsel to see what type of risk would best suit your situation.
Types of Legal Structures for an Agency
• Sole Proprietorship • Partnership • Limited Liability Corporation (LLC) • Corporation • S Corporation
Steps to Opening an Independent Insurance Agency Successfully
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