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Business structures-sole proprietorship-partnership

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Reference no: EM132702986

If you were to start your own business, which business entity structure would you choose? Justify why your chosen structure is the best organizational form.

Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure:

Steps to form

Personal liability for owners

Taxation

Advantages and disadvantages

Reference no: EM132702986

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