advantages and disadvantages of various business structures
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5 Terms
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sole proprietorship
advantages: created and managed and flow through taxation disadvantages: personal liability and raising capitol
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partnership
advantages: easily created and flow through taxation disadvantages: potential management disputes and personal liabilities except limited partnership
3
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s corps
advantages : flow through taxation and limited liability Disadvantages: limited number of potential investors and cost os operation
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LLC
advantages; flow through taxation and limited liability disadvantages; operating standards not defined in all states
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c corps
advantages; limited liability and unlimited number of investors disadvantages; cost of formation and operation and double taxation
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