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Bob and Carol want to open a bed and breakfast inn as soon as they buy and renovate a turn-of-the-century home. What would be the

Bob and Carol want to open a bed and breakfast inn as soon as they buy and renovate a turn-of-the-century home.

What would be the major disadvantage of using a general partnership rather than a corporation for this business?

Should they consider any other form for structuring their business?

Please answer in 75 words or more.

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