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Consider the wide spectrum of business organizations, ranging from gigantic corporations to working at home.
Describe at least three types of business organizations that you are familiar with or that you would like to know more about. How is each one advantageous to the business owner?

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  1. John, Lesa and Trevor form a limited liability company. John contributes 60 percent of the capital, and Lesa and Trevor each contribute 20 percent. Nothing is decided about how profits will be divided

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