Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to start a peer to peer lending business [title] Decide whether to incorporate your business. [step] Incorporation will protect you and your initial startup team from personal liability. [substeps] Organizing your business either as a corporation or as an llc can shield your personal assets from creditors.

Ending1: The process will vary depending on your company, but as a corporation you may form corporations and llcs. [title] Write a business plan to address diversification. Ending2: Which entity you choose depends to a large extent on the size of your startup team and the level of formality you want. Corporations typically have significantly more formal requirements than llcs, including record keeping and reporting requirements. Ending3: You can succeed as an llc on your own, that way you will have to re-invest in your personal assets. Borrowing money from bank accounts, student loans, or cash can be reinvested and collected from loans. Ending4: An llc will protect your business in such a manner that it won't be able to use any historical data or forecasts in the future. Some examples include tax returns on your accounts, as well as projected expenses for the wholesalers and manufacturers.

Answer format: ending1/ending2/ending3/ending4