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Review the following webpages: https://www.dos.ny.gov/corps/busguide.html https://www.dos.ny.gov/corps/llcfaq.asp#inc 1) What is a corporation? 2) What is an LLC? 3) What are the difference between a corporation and

Review the following webpages:

https://www.dos.ny.gov/corps/busguide.html

https://www.dos.ny.gov/corps/llcfaq.asp#inc

1) What is a corporation?

2) What is an LLC?

3) What are the difference between a corporation and an LLC?

4) What are the basic steps to form these business entities?

5) What is the purpose of organizing a business entity?

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