I am going to open a business selling hardware equipment in New Jersey. I am wondering what form of business to choose? I am torn between choosing an LLC or sole proprietorship for my small business. If anyone has any experience or insights to share, I would welcome your advice. Which structure has more advantages in terms of liability protection, taxation, and ease of formation? Your advice will be very valuable in making the right decision. Thank you all!
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Hello there, congratulations on your exciting venture! Seeking guidance is a smart step forward. Consider reaching out to local business associations, chambers of commerce, or seasoned entrepreneurs for insights. They'll offer valuable advice on permits, optimal locations, and connecting with local resources. Your proactive approach to learning and networking will undoubtedly contribute to the triumph of your unique shop. Wishing you all the best as you embark on this entrepreneurial path!