Business entities

A friend has asked you to help her decide how to protect her soon-to-be-opened bakery from liability, while still maintaining a business structure that fits her needs. Compare and contrast two (2) different possible business entities that would be suitable for her and explain why. Be sure to support your response with legal reasoning.

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Limited liability is a case where the business owners and shareholders have limited responsibilities and would not be held responsible for any expenses that would be incurred by the business in form of fines or losses in case the business is not performing effectively. Just like the name suggests the shareholders in such a business according to the law have limited liability and are not to be blamed or are not……

APA

357 words