Question

The text identified three common legal forms of business organizations: sole proprietorships, partnerships, and corporations.
Required:
(a) Compare and contrast what you believe would be key advantages and disadvantages of operating a business as a sole proprietorship versus a corporation.
(b) Compare and contrast what you believe would be key advantages and disadvantages of operating a business as a partnership versus a corporation.
(c) What other forms of business organizations were discussed in the chapter, and what is (are) their distinguishing characteristics?


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  • CreatedMarch 27, 2015
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