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Prepare a 700 - 1,050 word paper in which you do the following:

a. Describe the Basic Types of Business Formation: 

- Sole Proprietorship

- Partnership

- C Corporation

- S Corporation

b. Explain the Following Consequences with the choice of each type of Business Organization: 

- Tax Implications

- Legal Implications

- Accounting Implications, such as:  SOX and FASB.

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