Question: Answers must be complete, logical, thoughtful, supported by examples, and well written. Identify the four major categories of legal entities available to new businesses. Give

Answers must be complete, logical, thoughtful, supported by examples, and well written.

  1. Identify the four major categories of legal entities available to new businesses. Give an example of each.
  2. For each of the following, identify a business that would be appropriate for the form of organization specified. List the reasons why this form of organization would be appropriate for the business that you have identified.
    1. Sole proprietorship
    2. General partnership
    3. Limited partnership
    4. Corporation
    5. S-Corporation
    6. LLC
  3. What is bankruptcy? Is there more than one type of bankruptcy? How does bankruptcy affects businesses and consumers.
  4. What is employment discrimination? Give at least three examples of prohibited conduct by employers.

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