Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to incorporate your own offshore business [title] Understand the benefits of forming an offshore company. [step] Depending on the type of company you form and the location you choose, incorporating in an offshore jurisdiction can significantly reduce or eliminate corporate taxes. Also, many offshore jurisdictions offer privacy, flexibility with business structures and minimal financial reporting requirements.

Ending1: [substeps] Establish a strict business entity structure that permits corporations to conduct business as they go about the business. Form a closing company formation that permits a company with ultimate power to operate or operate a partnership with one partner. Ending2: If you choose an offshore business, you are bound to differ. In addition to the benefit of forming an offshore business, you are also bound to seek out attorneys. Ending3: [substeps] Technically, the term " offshore " refers to managing, registering and conducting a business in a country other than where you reside. However, it typically refers to doing business in a location where you can expect to receive reduced taxes and increased privacy. Ending4: [substeps] Think about the purpose of your corporations corporation and consider whether your corporate corporation can handle borrowing taxes. A company may also be adequately protected by an offshore corporation's ability to hold interests and provide long-term financial support.

Answer format: ending1/ending2/ending3/ending4