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Sole proprietorship - single person art studio and Local grocery store

partnership - Apple + Hermes and Spotify and Starbucks

corporation - 7 eleven and ABC

Limited Liability company - Chrysler and kaiser

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Sole proprietorship positives - Easy formation and easy disillusion

Sole proprietorship negatives - Limited resources and limited business life

Partnership positive - Easy organization and combined knowledge

Partnership negatives - split profits and limited sources of funds

Corporation positive - can raise more money and have a continuous life span

Corporation negatives - double taxation and government regulations are expensive

Limited Liability company positives - owner can retain control and the company doesn't die if the owner dies

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Sole proprietorship - A business ran by one person.

Partnership - An agreement where parties agree to work together for the benefit of each.

Corporation - A group of people that work as one to run a business

Limited Liability Company - A business where the members of the business aren't liable for the company's debt.