Business Form 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. Complete the Business Form Worksheet by following the instructions below.
Be sure you include minimal APA requirements (a title page, in text citations, and a reference page).
1. Select one of the seven forms of business listed above.
2. Research and provide three advantages and three disadvantages for the one business form you selected.
3. Provide a 100-200-word summary in which you provide an example of a business for the one business form you selected. Include in the summary a discussion of the following: (1) at least one advantage and one disadvantage you listed under Business Form Selected; and (2) at least one legal form that might be required for the one business form you selected, such as securing a license from a state agency.
Business Form Selected:
Advantages: Use complete sentences when responding.
1.
2.
3.
Disadvantages: Use complete sentences when responding.
1.
2.
3.
Summary (Remain within the
100-200 word range.)
References
