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Why is there tremendous diversity in the types of businesses in most U.S.industries? Discuss the advantages anddisadvantages inherent in each of the following business types:

Why is there tremendous diversity in the types of businesses in most U.S.industries?

Discuss the advantages anddisadvantages inherent in each of the following business types:

Sole Proprietorship

Partnerships

Limited Liability Partnership

Limited Partnership

Limited Liability Companies

Corporation

If you were starting a business what legal business formation would you use? Why?

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