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Web here are 10 forms of business ownership and their main advantages and disadvantages: The chance to be their own boss. To many businesspeople, one of the major attractions of a sole proprietorship is: A limited liability company (llc) is a business structure allowed by state statute. Owners receive profits and are taxed at the individual level, while the corporation itself is taxed as a business entity. It's easy to form and offers complete control to the owner. Web in a nutshell, when you start a business, you can choose from five main types of business ownership. The owner of a sole proprietorship doesn't need the approval of. False a partnership could be owned by as many as ten or more partners. Define mergers and acquisitions, and explain why companies are motivated to merge or acquire other companies.
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