Personal assets from any financial risk

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Reference no: EM133213293

1. A brief overview of the legal entities that a firm can take.

2. Why would someone use an LLC instead of a S-Corporation? Include in your answer the limitations on who can own an S Corporation.

3. What form or form of business is immediately not applicable if they want to protect their personal assets from any financial risk and explain why.

Reference no: EM133213293

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