Business Organizations and Governance
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.
Write a 525-word response to the following:
·Select one of the forms of business identified above.
·Research and provide three advantages and three disadvantages for this business form.
Create six 3 slide PowerPoint presentations, in which you provide the following:
·Choose an example business for each of the remaining forms of business listed above.
·Discuss at least one of the advantages, one of the disadvantages, and the potential legal forms that might be required for each of the remaining forms of business listed above.
Cite a minimum of 3 scholarly references.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
Be Prepared to present your presentations to the class, include 100 words of speaker notes per presentation (600 total)
The six presentations may be joined together for an 18 slide presentation plus reference slide.
Sole proprietorship refers to a business entity that is owned by a single individual. The business owner is responsible for all the operations of the business and the decision-making process of the business. The life of the proprietor determines the existence of the business whereby; the death of the owner would result in the death of the business. Unlike other forms of business including LLC, the owner, in this case, is not entitled to pay fees for the company she or he is only required to register the country and state it as a sole proprietor business (Blackett-Ord, 2002). The owner is also responsible…