Visit and cite https://www.sba.gov/business-guide/launch-your-business/choose-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. Choose LLC because it is versatile, owner is protected (not liable) and can later be transformed into a corporation if necessary.
Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis
address the following for each business structure: Steps to form, Personal liability for owners, Taxation, Advantages
and disadvantages
You will be graded on whether you:
Choose a business structure and clearly justifies choice
Explain the Business Structure of Sole Proprietorship and Analyzes the Steps to Form, Personal Liability for Owners, Taxation, Advantages, and Disadvantages
Explains the Business Structure of Partnership and Analyzes the Steps to Form, Personal Liability for Owners, Taxation, Advantages, and Disadvantages
Explains the Business Structure of an LLC and Analyzes the Steps to Form, Personal Liability for Owners, Taxation, Advantages, and Disadvantages
Explains the Business Structure of a Corporation and Analyzes the Steps to Form, Personal Liability for Owners, Taxation, Advantages, and Disadvantages
· 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 APA style as outlined in the 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. For information regarding APA samples and tutorials, visit the Writing Center (Links to an external site.).
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