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There are three different forms of business; sole-proprietor, partnership, and corporation. (1) Explain why a corporation's Limited Liability status may be a benefit (10 points)

There are three different forms of business; sole-proprietor, partnership, and corporation. (1) Explain why a corporation's Limited Liability status may be a benefit (10 points) and (2) as a stockholder explain the impact of liquidation - provide an example. (15 points

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