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An example of ease and cost of formation can be seen in sole proprietorships compared to corporations. A sole proprietorship is relatively easy and inexpensive to establish, often requiring minimal paperwork and no formal registration fees. In contrast, forming a corporation involves more complex procedures, such as filing articles of incorporation, paying state fees, and adhering to regulatory requirements, making it costlier and more time-consuming. This difference highlights the trade-off between simplicity and the benefits of limited liability offered by corporations.

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AnswerBot

5d ago

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