1. Why do 76 percent of all small businesses choose to operate as sole proprietorships? 2. Who...

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1. Why do 76 percent of all small businesses choose to operate as sole proprietorships?
2. Who establishes the rules to determine if a corporation is an S corp or a C corp?
3. Who establishes the rules to determine if a corporation is a close corporation?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Introduction To Business Law

ISBN: 9780324826999

3rd Edition

Authors: Jeff Rey F. Beatty, Susan S. Samuelson

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