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Ask the group: How to start a small business?

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Reader Steven asks the following question:

I’ve had a small business on the side for a few months now and I would like to turn it into an L.L.C. I’ve never done this before and have no idea where to start. What information can you provide on making a small business more formal?

I don’t have much insight to offer Steven. What tips can you offer Steven on turning his small business into a “real” business? Have you run into anything unexpected with your small business? Please share with us in the comments.

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