Business Plan analysis for business Law

Multimedia activity: Business Organization

Visit the Choose Your Business Structure (Links to an external site.) section of the U.S. Small Business Administrations 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.

Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure:

Steps to formPersonal liability for ownersTaxationAdvantages 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.).