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There are several different legal forms of a business. One can form a corporation, limited liability corporation, partnership, or sole proprietorship. All of them have advantages and disadvantages.

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Q: What are the legal form of business?
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What are the legal structures to form a business?

Limited Partnership, LLC, and Incorporation (S-corp; C-corp) form a business.


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* Describe the basic environments (legal, social, economic) in which a business operates.


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