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QUESTION

Prepare a list containing the following information: Column 1: Name of the partnership form Column 2: Federal tax structure associated with the partnership form Column 3: State

Prepare a list containing the following information:

Column 1: Name of the partnership form

Column 2: Federal tax structure associated with the partnership form

Column 3: State tax structure associated with the partnership form

Column 4: Corporate asset liability exposure

Column 5: Personal asset liability exposure

Discuss your favorite partnership formation providing the rational for the selection.

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