Question: Business Organization Structures - Advantages and Disadvantages Define the three basic business organization structures (sole proprietorship; partnership; and corporation) and discuss advantages and disadvantages as

Business Organization Structures - Advantages and Disadvantages

Define the three basic business organization structures (sole proprietorship; partnership; and corporation) and discuss advantages and disadvantages as to taxation, protection from legal liability, and access to capital. Specifically, comment on how each structure is taxed.

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