ETH 321 Week 3 Business Forms Worksheet

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

2. Research and provide three advantages and three disadvantages for this business form .

3. 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 lega l forms that might be required.

Business Form:

Advantages

Disadvantages

Summary