ESSAY Questions Bus 250 Ch 21-30 Fall 2012 1. What is a limited liability company? Explain the advantages and disadvantages of this type of business ownership? 2. Compare and contrast the following forms of business organization: sole proprietorship, general partnership, limited partnership, limited liability company, and corporation as to ease of formation, liability of owners, management, and tax implications. 3. Andy wants to start his own business. He has decided to rent space in…
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