Welcome to your Legally Register a Trade BusinessWhat is the primary benefit of separating personal and business finances for a tradesman? Improved personal credit score Enhanced business reputation Risk mitigation and financial clarity Tax advantages NoneWhich business structure provides personal asset protection and flexibility for tradesmen? Sole Proprietorship Partnership Corporation Limited Liability Company (LLC) NoneWhat is the significance of obtaining an Employer Identification Number (EIN)? It serves as a unique identifier for tax purposes It ensures eligibility for business loans It is required for personal tax filings It exempts the business from certain taxes NoneWhy is it important for tradesmen to choose a unique and memorable business name? It attracts more clients It ensures higher search engine rankings It fosters creativity in the business It distinguishes the business in the marketplace None Time's up
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