What type of business entities are covered under small business law?

In Delaware, small business law covers a wide variety of business entities, including sole proprietorships, partnerships, corporations, and limited liability companies (LLCs). A sole proprietorship is one in which a single individual operates a business and is liable for all of the debts and obligations of the company, including those incurred by the owner. A partnership is a business venture between two or more parties and offers the advantages of increased capital and the ability to pool resources. A corporation is an independent legal entity owned by shareholders and managed by directors, who are elected by the shareholders to oversee the company. Finally, an LLC is a separate legal entity owned and operated by members, who have limited liability for the debts and obligations of the business. All of these types of business entities are covered under small business law in Delaware.

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What type of business entities are covered under small business law?

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