LIability Define and describe the following business entities: Corporation, Limited Liability Company, and Limited Liability Partnership. Describe…

LIability Define and describe the following business entities: Corporation, Limited Liability Company, and Limited Liability Partnership. Describe the advantages of doing business with each form. In addition, describe the corporate hierarchy. In your response describe the functions of each of the three levels of the hierarchy. How does the United States differ from other countries in the issuance of the par value and non par value corporate stock?

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