Another friend comes to you for accounting advice. They want to form their own business, but don't

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Another friend comes to you for accounting advice. They want to form their own business, but don't know if they should be a sole proprietorship, a partnership, or a corporation.

In your own words what are the pros and cons of each? What would you recommend?

Related Book For answer-question

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Apr 12, 2023 03:55 AM

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Another friend comes to you for accounting advice. They want to form their own business, but don't

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Sole Proprietorship A sole proprietorship is a business owned and run by a single person Its the simplest and least expensive type of business to start The owner has complete control over the business ... View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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