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1.If you do not form a business entity and you are sued, how may this affect your business? Provide a real-world example to support your

1.If you do not form a business entity and you are sued, how may this affect your business? Provide a real-world example to support your ideas.

2.If you form a corporation or limited liability company under your state law, what state departments will require filing or reporting by your legal entity?What state agency rules or administrative laws will require compliance by your business?

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