Question: Be able to distinguish between different business forms ( e . g . , sole proprietorship, LLC ) . - Understand who bears legal /

Be able to distinguish between different business forms (e.g., sole proprietorship, LLC).- Understand who bears legal/financial liability and who has control in each type. - Analyze real-life agency problems: When do conflicts arise between managers and owners? - Evaluate the benefits of shared control vs. full ownership in new business setups.

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