The choice of business organization form depends on many factors. The following website from British Columbia outlines the pros and cons of a sole proprietorship, partnership, and corporation: www.smallbusinessbc.ca/starting-a-business/ legal-requirements.

Can you suggest a few reasons why some firms that were organized as partnerships decided to incorporate (e.g., Goldman Sachs (goldmansachs.com) with shares traded on the NYSE (nyse.com)?