Selecting the Optimal Business Structure: An Analysis of the Four Major Forms of Business Ownership.

Thinking about starting your own business? What legal form of business will you choose? An individual can form a business in one of several ways. The four major forms of business ownership are (1) sole proprietorships, (2) partnerships, (3) corporations and (4) limited liability companies. There are numerous issues to evaluate when determining the appropriate legal entity for business operations. While some of the ownership options seem to offer more incentives and fewer drawbacks than others, the company's business …

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