Explain legal forms of organization used by small businesses

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Reference no: EM133696243

Questions:

1. Why would investors tend to favor a new business led by a management team over one headed by a lone entrepreneur? Is this preference justified?

2. Explain the common legal forms of organization used by small businesses. Exhibit 8-1 Forms of Legal Organization for Small Businesses.

As each of these legal forms is discussed, suggest local businesses that fit each option.

Reference no: EM133696243

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