There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S corporation, franchise, and corporation.
- Provide a 300- to 500-word summary for the seven forms of business (for a total of 300-500 words), and provide an example business most appropriate for each business form.
- Select one of the forms of business to research and provide three advantages and three disadvantages for the selected business form.
- Provide a 100- to 200-word summary in which you discuss at least one of the advantages and one of the disadvantages of that form and potential legal documentation (e.g., IRS Tax Forms, Articles of Incorporation, Partnership Agreement) that might be required for its operation.
Complete the Business Forms Worksheet. Integrate research with APA-formatted in-text and reference citations. Dress up the Worksheet appearance (e.g., replace title page instructions with professional, personalized heading) to satisfy the Grade Rubric’s Mechanics section, bullet point #1.
Pagnattaro, M.A., Cahoy, D.R., Magid, J.M., Reed, O.L., & Shedd, P.J. (2016). The legal and regulatory environment of business (17th ed.). New York, New York: McGraw-Hill Education.
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