This assignment will help you to distinguish between the alternative forms of business by exploring the characteristics of sole proprietorships, partnerships, corporations, cooperatives and non-profits (including social enterprises).

Write a one-page memo contrasting the different forms of business ownership in Canada and associated legal responsibilities for each form. Use at least two examples of businesses to illustrate the alternative ownership forms. Specifically, you should explore the following questions:

• What are the alternative forms of business ownership in Canada?
• What are the legal responsibilities associated with each form of business?
• What are some real business examples of each form of businesses?
• What are the pros and cons of the chosen forms for the sample business?
• What form(s) might be attractive to entrepreneurs starting a new business and why?

The memo format should be generally as follows: a. Introductory statement (e.g. "This memo explains the alternative forms of business ownership in Canada using examples, etc.") b. Discussion, which broadly answers the above questions. c. Closing statement (e.g. This memo has explored alternate forms of business ownership in Canada, etc."). Don't use headers in your memo. Instead use free form text with several paragraphs.

THANKYOU!