ETH 321 Week 3 Individual Assignment Business Forms Worksheet
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.
1. Select one of the forms of business
2. Research and provide three advantages and three disadvantages for this business form.
3. Provide a 100- to 200-word summary in which you provide an example business for each form. Discuss at least one of the advantages and one of the disadvantages of that form and potential legal forms that might be required.
Part 2
Business Form: Partnership …
Business Forms Worksheet
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.
1. Provide a 300- 500-word summary for the seven forms of business, and provide an example business most appropriate for each business form.
2. Select one of the forms of business to research and provide three advantages and three disadvantages for the selected business form.
3. 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.
Part 4
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.
1. Research and provide three advantages and three disadvantages for each business form.
2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file in order to form that business? Discuss at least one of the advantages and one of the disadvantages of that form.
