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ACCT 560 DeVry University Basic Elements of a Business Entity Discussion

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When forming a business, the choice of entity can be one of the most important decisions made by a new company. To start this discussion, let’s begin by simply describing the basic elements of any one type of entity in your initial posts. Once we gather a good collection of comments explaining the core aspects of the different types of business entities, we’ll move into a deeper exchange of ideas comparing the tax and nontax advantages and disadvantages of the various entity structures.