What type of legal entity do many entrepreneurs use and why? Multiple Choice Sole Proprietorships du

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What type of legal entity do many entrepreneurs use and why?

Multiple Choice

Sole Proprietorships due to the ease of initially setting up an organization.

C Corporation due to its accounting system and financial reporting information.

C Corporation due to its ability to finance with both debt and stock.

LLC due to its tax advantages and the limited liability aspect to owners.

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