When beginning a new business venture, there are many important choices to make. One of the most important that people face is what type of business to open. They may choose a sole proprietorship, a limited liability company, s-corporation or corporation. A sole proprietorship is the most disadvantageous choice, as it puts the owner fully and personally responsible for any losses or lawsuits. This would result in seizure of personal assets outside of the company. Many people today are choosing a limited liability company as their route of choice. There are several advantages to choosing an LLC. Although they are more expensive to create initially, LLCs will prove to be a wise investment over time. The most advantageous aspect of an LLC is that the owners will have limited liability, as the