(Answered) Discussion question 1briefly define what makes each of the

Management Studies

Discussion Question 1

Briefly define what makes each of the following entities different from each other and what the advantages might be for each: sole proprietorship, general partnership, limited partnership, and limited liability partnership (LLP).

Discussion Question 2

What are the major differences between a corporation and a limited liability corporation (LLC)? Why do you believe governing bodies have chosen to create the two different entities?

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