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Sole proprietorship-partnership-LLC and corporation

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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: EM132736626

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