why do you think corporation company elect to use that particular form of business organization
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why do you think corporation company elect to use that particular form of business organization
why do you think corporation company elect to use that particular form of business organization
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Answer:
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GUIDE: START A BUSINESS PART FIVE
Forms of Business Organization
(provided by the Missouri Small Business and Technology Development Centers)
One of the first decisions you’ll make as a business owners is how your business will be structured. You need to know the advantages and disadvantages of each of the different forms of business organization to make sure you make the right decision for your new business.
All businesses must adopt some legal configuration that defines the rights and liabilities of participants in the business’s ownership, control, personal liability, lifespan and financial structure. The form of business determines which income tax return form to file and the company’s and owner’s legal liabilities.
Explanation:
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