What are the key considerations for entrepreneurs when choosing between different types of business ownership, such as sole proprietorship, partnership, and corporation, and how do these choices impact various aspects of management?
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What are the key considerations for entrepreneurs when choosing between different types of business ownership, such as sole proprietorship,
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- What financing options do small-business owners have? What risks do they face?What are the key legal considerations for entrepreneurs when selecting a business structure, such as sole proprietorship, partnership, or corporation?Business structure has different economic, legal and tax consequences. As a result, please explain the tax advantages and disadvantages of running a business as a sole trader, a partnership, and a limited company.