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This offers you essentially the most flexibility in how you control your business. A board of administrators is just not expected and you can have limitless members.
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That is your elevator pitch. Basically sum up what your business is, how it's going to function, and what success you foresee. It should be short also to the point.
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What sort of business Is that this? Is it an LLC, INC or DBA? How major is your business, and what is its construction? Most any business composition is fine—but recall: keep in mind.