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Hi there, @bobbiemace.
Thanks for posting your question here.
Before going into detail, workflows vary from business to business, so I recommend speaking with your accountant.
There are three different types of business structures you can choose from.
First, there's a Sole Proprietorship is a business type ran by one person and in which there's no legal distinction between the owner and the business entity.
Next, a Corporation is a group of people authorized by the state to act as a single entity.
Lastly is a Limited Liability Company (LLC), which is a private limited company.
For additional info with choosing your business structure, you can refer back to this helpful guide: Choose Your Business Structure.
Let me know if the information provided does the trick. If you have any more questions, please don't hesitate to Reply below.