type of entity

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Lucy, Bernie, and Milly are starting a business and have asked you for advice about which type of entity they should form. Fortunately, you have been studying corporations, partnerships, LLCs, and S corporations! Prepare a list of at least five questions you would ask in helping them decide which type of entity they should choose. Also, explain your reasons for asking each of these questions. Cite or link your sources, if any.

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