United states are still run as sole proprietorships

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Most small businesses in the United States are still run as sole proprietorships. Why do you think these businesses have not converted to the LLC form? If you were a creditor, would you prefer to be a secured creditor or an unsecured creditor? What are the benefits and drawbacks of each?

Reference no: EM131475881

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United states are still run as sole proprietorships : Most small businesses in the United States are still run as sole proprietorships.

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