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Reflection
What are the benefits to commerce of having shareholders—and other entities that shield their members—protected from personal liability?
Would commerce be better served if personal liability would attach to those individuals for the misdeeds of their entity? Why or why not?
Write a 350- to 1,050-word paper detailing the findings of your
Individual Assignment:
Consider each of the following forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company, S corporation, franchise, and corporate form. Develop scenarios in which each of these forms of business would be the preferred form. For each scenario, justify why the corresponding business form is preferred. 500-750 words
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