I am going to start a small business in New York, it will be service related in IT. There will be several people involved in the business. We have a question, what is better to register - an LLC or a sole proprietorship? We would be very grateful for your advice!
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Exciting times ahead with your IT service business in New York! For multiple owners, registering an LLC might be wiser due to liability protection and shared management. Sole proprietorship offers simplicity but lacks similar liability coverage. Assess your business goals and consult professionals to make the best decision. Wishing you success as you embark on your entrepreneurial journey!