State laws, not federal, concern the forms of business organization.

Name: State laws, not federal, concern the forms of business organization.
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Question

Quizplus · Accepted Answer

State laws govern the creation and regulation of various forms of business organizations such as sole proprietorships, partnerships, corporations, and limited liability companies. Federal laws may affect specific aspects of these forms of businesses, but the formation and operation of these entities are primarily governed by state laws.

State Laws, Not Federal, Concern the Forms of Business Organization