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What Type of Legal Entity Do Many Entrepreneurs Use and Why

Question 17

Multiple Choice

What type of legal entity do many entrepreneurs use and why?


A) Sole Proprietorships due to the ease of initially setting up an organization.
B) C Corporation due to its accounting system and financial reporting information.
C) C Corporation due to its ability to finance with both debt and stock.
D) LLC due to its tax advantages and the limited liability aspect to owners.

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