Basic forms are sole proprietorships, partnerships, and corporations. - Essay Prowess

Basic forms are sole proprietorships, partnerships, and corporations.

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The three basic forms are sole proprietorships, partnerships, and corporations. Some disadvantages of sole proprietorships and partnerships are: unlimited liability, limited life, difficulty in transferring ownership, and hard to raise capital funds. Some advantages are: simpler, less regulation, the owners are also the managers, and sometimes personal tax rates are better than corporate tax rates. Which form of business organization would you recommend for a new financial technology startup and why

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