Difference between sole proprietorship and corporation

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Reference no: EM133262330

Assignment:

Preparation Although sole proprietorships are the most common form of ownership, the majority of Americans work for corporations. Between sole proprietorship and corporation, there is a range of options: partnership, LLC, LLP, bene?t corporation (B corp), S corporation, C corporation, and then a range of not-for-pro?t and nonpro?t structures. Each form of ownership has its advantages and disadvantages, but ultimately the business owner must choose.

For Discussion

1. What if YOU were a business owner and you needed to select a legal form of ownership. What form of ownership would you choose?

2. What would YOU take into consideration if YOU were the owner and needed to select from the ownership options available?

Reference no: EM133262330

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