Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to incorporate a business in florida [title] Research the need to incorporate. [step] There are other legal structures to consider such as a sole proprietorship, partnership or limited liability company (llc). All have advantages and disadvantages in regard to protecting you from liability, saving money on taxes and sharing profits and losses.

Ending1: [substeps] Llcs are a more common corporate structure, but they can offer larger tax advantages. However, qualifying llcs to both enable you to control transactions or to not have to check your status as a shareholder, is not always recognized. Ending2: [substeps] It's not really an idle business. One of the advantages of such structures is that there isn't much or no one to bid on. Ending3: [substeps] Sole proprietorship-a sole proprietorship is owned and run by one person, and there is no legal separation between the individual and the business. As a result, all profits, losses, and debts would be your responsibility. Ending4: [substeps] Llcs may file state and federal tax returns at 5 years of age. Llcs may file federal income tax returns at 6 years of age.

Answer format: ending1/ending2/ending3/ending4