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OLLC (Limited Liability Corporation). You can be sole proprietor - the only person in your business - then have an LLC. The difference here that the liability (if you get sued) is quite a bit reduced over that of a sole proprietorship. You really should have the business concept. Your income flows through your regular tax bounce right back. You may very well qualify to get refund, really. Depending on the type of business you have, this will be a good option.