Chapter 3 Homework Business 332.docx

Chapter 3 Homework Business 332.docx - Chapter 3 Homework...

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Chapter 3 Homework Business 332 1. Describe the major differences between a proprietorship and a partnership. 2. What is a limited partnership? 3. Briefly describe the corporate form of business organization. What is meant by limited liability? 4. How does a subchapter S corporation differ from a regular corporation? 5. Describe the major characteristics of a limited liability company. 6. Describe the major taxation advantages of a limited liability company or a subchapter S corporation
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