Question: Identify the four basic structures: sole proprietorship, partnership, limited liability company and corporation. Discuss the strengths and weaknesses of each in terms of the business.

Identify the four basic structures: sole proprietorship, partnership, limited liability company and corporation. Discuss the strengths and weaknesses of each in terms of the business. Include the choice and reasoning for this.

You should also discuss which of the five organizational structures to elect

(

functional

,

divisional, matrix, hybrid, or process

) .

Discuss the reasons for the choice

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