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When starting a business, there are several type of business organization such as (sole proprietorship, partnership, LLC and S Corporation). What is a sole proprietorship,

When starting a business, there are several type of business organization such as (sole proprietorship, partnership, LLC and S Corporation).

What is a sole proprietorship, partnership, LLC and S Corporation and what are the tax consequences for each. For instance, how will the business be taxed for each type?

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