Explain the all the forms of and the advantages and disadvantages of each form of business. o Define each form of business, sole proprietor, partnership, LLC, LP, and Сoгp. Next for each form of business explain the advantage and disadvantage o that particular form of business, comparing that form to the other types discussed.
Explain the all the forms of and the advantages and disadvantages of each form of business. o Define each form of business, sole proprietor, partnership, LLC, LP, and Сoгp. Next for each form of business explain the advantage and disadvantage o that particular form of business, comparing that form to the other types discussed.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:**Business Forms: An Overview**
1. **Explain all the forms of business and the advantages and disadvantages of each form of business.**
- **Define each form of business**: Sole Proprietor, Partnership, LLC, LP, and Corp.
- For each form of business, explain the **advantage** and **disadvantage** of that particular form of business, comparing that form to the other types discussed.
2. **Explain which form you would want to use for your business.**
- **Explain why.**
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