LAW/531 LAW531 Week2 Individual Legal Forms of Business Paper - 19328

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  • Posted on: Mon 22 Jul, 2013
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Consider each of the following forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company, S corporation, franchise, and corporate form. Develop scenarios in which each of these forms of business would be the preferred form. For each scenario, justify why the corresponding business form is preferred. 

Solution Description

When starting a business one needs to decide what form of business entity to choose. The most common forms of business are the sole proprietorship, general partnership, limited liability partnership, limited liability company, S corporation, franchise, and professional corporation. This paper identifies the main features of all of the above forms of business, provides sc

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