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What are the factors in deciding what form of ownership is best suited for the potential business? (min 200 words)

1. What are the factors in deciding what form of ownership is best suited for the potential business? (min 200 words)

2. Briefly describe the advantages and disadvantages of a sole proprietorship and partnership.

3. Explain the corporate form of ownership and how a business is incorporated.

4. List the differences between the S-corporation and the limited liability company.

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