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The type of business structure you choose will depend on the size of your business, your future goals and tax considerations. Founders who fail to have a separate legal entity for your new venture can find themselves at risk of incurring huge income tax bills and most importantly, find themselves personally responsible for the legal liabilities of their business. The process of registering your business is becoming increasingly simplified all over the world. The most difficult part of your decision is choosing the type of structure best suited to your business needs and the best place to register your business.