Determine that advantages and disadvantages of a sole proprietorship.
What is a general partnership; a limited partnership? What are the Common Terms that are included in a partnership agreement. Is a partnership an entity in Pennsylvania? Can a partnership in Pennsylvania purchase real estate? What is the Uniform Partnership Act?
Explain an LLC and its advantages/disadvantages.
What are the classifications of corporations? Explain them.
What, if any, are the differences between an S (Sub-Chapter S) Corporation and a C (Sub-chapter C) corporation (External research may be required)?
Explain Piercing the Corporate Veil.
The case of Douglas Hillme v. Brent Chastain and C & H Custom Cabinets, Inc., discusses the elements that create the existence of a partnership, when there is no written agreement. After you research and read this case, determine if you agree with the courts ruling. Why?
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