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business formation

You are about to start a new business selling a new product, a male birth control pill that works within 10 minutes of ingestion and lasting for 24 hours. You already have FDA approval and have gone through clinical trials.  You think the pill will sell millions and millions of units.  You now want to set up a company to make, market and sell this product.  What type of business entity do you think will be best for this endeavor? Make you sure you factually and legally support your answer.  Make sure you use the appropriate terms of art as used in the chapters.

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