Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation

Posted: July 19th, 2022

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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
You must cite at least two scholarly sources in addition to the course textbook. Cite your sources in-text and on the reference page.

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