Name the forms of business organization?
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ANSWER:
- Sole Proprietorships
- Sole ProprietorshipsPartnerships
- corporation
- Limited Liability Companies (LLC)
- Subchapter S Corporations (S Corporations)
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There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Limited Liability Company, or LLC. Below, we give an explanation of each of these and how they are used in the scope of business law.
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