Quiz 6: Business Formation: Choosing the Form that Fits
Identify and Explain Two Advantages and Two Disadvantages of Sole
Identify and explain two advantages and two disadvantages of sole proprietorships.
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Describe the basic features of limited partnerships and limited liability partnerships.
Mention the advantages and limitations of nonprofit (or not-for-profit)corporations.
Describe at least one advantage and one disadvantage of franchising for the franchisor, and at least one advantage and disadvantage for the franchisee.
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