ETH/321 Version 4
There are seven
forms of business: sole proprietorship, partnership, limited liability
partnership, limited liability company (including the single member LLC), S
Corporation, Franchise, and Corporation.
1. Select one of the forms of business
Research and provide three advantages and three disadvantages for this business form.
Provide a 100– to 200-word summary in which you provide an example business for each form. Discuss at
least one of the advantages and one of the disadvantages of that form and potential
legal forms that might be required. (include
The Legal and Regulatory
Environment of Business, 16e
Chapter 8: Contract Form; Chapter
9: Contractual Performance and Agency; Chapter 14: Corporate Governance and
ISBN: 9780073524993 Author: O.