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I've been reading this forum for the last six months. This is my first post. Last Tuesday I quit my permanent full time job to open a canvas shop in East Central FL. I can't get a COD account with any suppliers until I have a Business license. I'm wondering what type of business it will be sole proprietor or LLC or another better option. I understand that an LLC affords some asset protection, but will that mean higher taxes? Any and all help greatly appreciated. We are starting in our home for now.
