SMB350 Colorado State University Limited Liability Paper Limited liability is one of the advantages of a corporate form of ownership. What type(s) of business are most applicable to what you would like to do, now or in the future? How would you organize a business to limit liability and thus benefit from the “barrier” that the business entity offers? However, given there are other choices, determine if this would be your best choice, justify your response. This video might also help you: “Understanding Corporate Entities
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