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1. What is a sole proprietorship? What are the advantages and disadvantages of this form of business organization? 2. What is a partnership? What are

1. What is a sole proprietorship? What are the advantages and disadvantages of this form of business organization?

2. What is a partnership? What are the different types of partnerships? What are the advantages and disadvantages of this form of business organization?

3. What is a corporation? What are the different types of corporations? What are the advantages and disadvantages of this form of business organization? Separately number each answer and provide substantive responses.

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