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You and several other WSU graduates are forming a business. You've decided that you'd like to form an entity that offers the limited liability of

You and several other WSU graduates are forming a business. You've decided that you'd like to form an entity that offers the limited liability of a corporation, but without the disadvantages and limitations of a subchapter S corporation. You also prefer the tax status of a partnership. Which of the following business forms best fits that description?

options:

1) Closely held corporation

2) Joint Venture

3) Franchise

4) Limited Liability Company

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