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An individual has started a new business. While he is confident that, in the long run, it will be very profitable, he expects the business

An individual has started a new business. While he is confident that, in the long run, it will be very profitable, he expects the business to incur losses in the first 3 to 5 years of operation. Would you advise this person to operate this business as a proprietorship or, alternatively, incorporate the business?

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