What are the legal obligations and liabilities of business owners, partners, and shareholders in a corporation?
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Q: What are some common challenges faced by sole proprietors, and how can they overcome them?
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Q: State and explain the challenges of the Private Public Partnership.
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Q: What is the most concerning disadvantage of sole proprietorship and partnership? Why?
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Q: Why open corporations are required to submit detailed reports to government agencies?
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Q: What are the advantages of a sole proprietorship?
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What are the legal obligations and liabilities of business owners, partners, and shareholders in a corporation?
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- What is the role of the board of directors in a corporation?What are the advantage and disadvantage of sole proprietorship?Every organization is formed into an entity of some sort, and is usually done to protect individuals from liabilities connected with business operations. If you were starting your own business, which entity formation would you use--sole proprietorship, partnership, LLC, or corporation? Why? Which entity formation would you never use? Why?