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.
Write an 525-word response to the following:
- Select one of the forms of business identified above.
- Research and provide three advantages and three disadvantages for this business form.
Write six 175-word summaries, a total of 1,050 words, in which you provide the following:
- Choose an example business for each of the remaining forms of business listed above.
- Discuss at least one of the advantages, one of the disadvantages, and the potential legal forms that might be required for each of the remaining forms of business listed above