What form of business ownership should you choose

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Let us assume you and ten of your friends are going to open and invest in a business. You do not want to pay double taxation on the profits. You want a type of ownership where profits must be distributed based on how much each person has invested in the business. You also want to protect your personal assets from lawsuits as a result of operating the business.

What form of business ownership should you choose and why?

Reference no: EM13207332

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