Chapter 1 questions 6. 4 business organizations and advantages and disadvantages- The four alternative forms of business organizations are Sole Proprietorship, partnership, Corporation, and LLC or Limited liability Company. The advantages of a Sole Proprietorship and Partnership are roughly the same. The advantages are easily and inexpensively formed, subject to few government regulations, and subject to lower income taxes that are corporations. The disadvantages of proprietorships and partnerships…
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