Five common forms of business entities

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There are five common forms of business entities:

Sole Proprietorship

Partnership

Corporation

S Corporation

Limited Liability Company-LLC

Example of each of these 5 types of business organization by driving around the town you live. The sign outside the business will often display the type of business operating there. Alternatively, you can look in the yellow pages or search online. explains the most likely reasons why each business chose to operate as a sole proprietorship, a partnership, a corporation (S or C), or an LLC.

Reference no: EM133299871

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