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This document discusses the advantages and disadvantages of organizing a business, including sole proprietorship, partnership, and corporation. It covers aspects such as formation, profits, liability, source of funds, skills, continuity, employees, and taxation. It also explains the types of partnerships and advantages of a corporation.

#combined knowledge and skills#decision making#ease and cost of formation#secrecy#distribution and use of profits#flexibility and control of business#government regulation#closing the business#availability of capital and credit#taxation#regulatory controls

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