Business structures-sole proprietorship


Discuss the below:

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, LLC, and a corporation. In your analysis address the following for each business structure:

1. Steps to form

2. Personal liability for owners

3. Taxation

4. Advantages and disadvantages

Your paper should be three to five pages (excluding title and reference pages), and it should be formatted according to APA style as outlined in the Ashford Writing Center. You should cite at least two scholarly sources in addition to the course textbook..

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