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Therea area manya advantagesa fora eacha typea ofa business.a Solea Propsa area thea easiesta toa seta upa
sincea thea paperworka isa minimal.a Aa partnershipa isa aa aa businessa seta upa bya twoa ora morea
people.a a Aa LLCa (limiteda Liabilitya Corporation)a isa aa flexiblea businessa thata combinesa thea
aspectsa ofa botha partnershipsa anda corporations.a Corporationsa area createda bya shareholders.a
Theya havea manya morea taxa advantagesa thena thea othera types.
Solea Propsa allowa thea ownera toa havea completea control.a However,a ita alsoa providesa thea leasta
protectiona froma personala assets.a a Partnershipsa havea passa througha entitya whicha meansa thata
thea incomea isa treateda asa thea ownersa incomesa soa ita isa onlya taxeda once.a Ownersa ina
partnershipsa area responsiblea fora thea liabilitiesa ofa thea firm.(Team,a 2022)a therea area differenta
aspectsa ofa partnerships:a General,a Limiteda Partnership,a anda LLPs.a a LLCsa area considereda toa bea thea
besta ofa botha worlds.a LLCsa protecta thea ownersa froma anya personala liabilities.a a Thea Corporationsa
cana bea classifieda asa Ca Corpa anda Sa Corp.a Ca Corpsa area doublea taxed:a oncea ata thea entitya levela anda
thena againa individually.a Sa Corpa area aa passa througha soa theya area onlya taxeda once.
a
Worksa Cited
Team,a C.a (2022,a Nova 26).a Typesa ofa Businesses.a Retrieveda froma Corporatea Financiala Institute:a
https://corporatefinanceinstitute.com/resources/management/types-of-businesses/
a
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