When would forming a limited-liability company be more advantageous than creating a C corporation or a partnership?
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Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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A limited liability company provides more protection than a sole pro...View the full answer
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Related Book For
Small Business Management Entrepreneurship and Beyond
ISBN: 978-0538453141
5th edition
Authors: Timothy s. Hatten
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