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Topic: sole proprietorship, general partnership, limited partnership, limited liability company and corporations. For this week, I want you to consider each of these entities from
Topic: sole proprietorship, general partnership, limited partnership, limited liability company and corporations. For this week, I want you to consider each of these entities from a risk-liability perspective. Which entity or entities represent the most risk to the owners. Stated differently, which entity form(s) present the potential liability if things go wrong. Give a real-life business scenario (fictionalized, or from the news) that supports your answer and provide your analysis/reasoning.
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