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Penny has responded to your respond regarding a Limited Liability Partnership with a counteroffer that you form a Limited Liability Company instead. Summarize, the similarities

Penny has responded to your respond regarding a Limited Liability Partnership with a counteroffer that you form a Limited Liability Company instead. Summarize, the similarities and differences between a sole proprietorship, LLP, and an LLC, as well as provide the benefits of moving to an LLC organization, using two scholarly resources and in APA format.

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