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Mentor Guide 2019Revised 1/01/20191×P a notable of Contents WELCOME ................................................................................................................................................

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What is 5 types of business?

There are five types of business structures: sole proprietorship, partnership, corporation, limited liability company (LLC), and cooperative.

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Business owners are required to file for the five types of business structures based on their chosen structure.

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To fill out the five types of business, one must provide specific information about the business such as name, address, type of structure, and ownership details.

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The purpose of the five types of business structures is to legally define how a business operates and is structured.

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Information such as business name, address, owner(s) names, type of structure, and tax identification number must be reported on the five types of business.

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