Pros and cons of different forms of businesses
Pros and cons of different forms of businesses
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
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