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Proprac Exam Questions with Complete Solutions| Verified
Proprac3
Proprac3
forms of business structures - Answer ️️-sole proprietorship, partnerships, limited liability companies (LLC), and corporations what is a sole proprietorship - Answer ️️-business owned and operated by one person who pays personal income tax and profits from the business advantages: simplest form, least expensive, don't pay income tax as an entity disadvantages: owners bears all responsibility/loss/risk, can be hard to attract high quality employees
GONZOGEEK
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