Explain the following business structures: sole proprietorship, partnership, LL, and a corporation.

Multimedia activity: Business Organization

Visit the Choose Your Business Structure section of the U.S. Small Business Administration’s website.

If you were to start your own business, which business entity structure would you choose? Justify why your chosen structure is the best organizational form.

Explain the following business structures: sole proprietorship, partnership, LL, and a corporation. In your analysis address the following for each business structure:

  • Steps to form
  • Personal liability for owners
  • Taxation
  • Advantages and disadvantages

Your paper must be three to five pages (excluding title and reference pages), and it must be formatted according to SPA style as outlined in the Ash ford Writing Center. You must cite at least two scholarly sources in addition to the course textbook. Cite your sources in-text and on the reference page

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