Description
Prior to beginning work on this assignment, read Chapter 13 of the textbook.
In your analysis,
- Explain, if you were to start your own business, which business entity structure you would choose.
- Justify why your chosen structure is the best organizational form.
- Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation.
- Analyze the following for each business structure:
- steps to form
- personal liability for owners
- taxation
- advantages and disadvantages