Disadvantages of operating business as sole proprietorship

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Reference no: EM132252605

Which Type of Business Ownership?

Objectives:

Compare the advantages and disadvantages of operating a business as a sole proprietorship

Explain the advantages and disadvantages of operating a business as a limited liability company

Assignment Overview:

In this case study and writing assignment, you will persuade a hypothetical sole proprietor to choose another form of business ownership.

Deliverables:

A 150-word (2-3 paragraph) paper

Step 1: Write a letter.

Write a letter advising a hypothetical sole proprietor to choose another form of business ownership. By definition, a sole proprietorship is an unincorporated business owned by one person known as the sole proprietor. The majority of U.S. businesses are owned and operated as sole proprietorships. In a short persuasive paper, write a letter to a hypothetical sole proprietor explaining why he or she should convert the sole proprietorship to another form of business ownership (for example, a traditional "C" corporation, an "S" corporation, or a limited liability company).

Reference no: EM132252605

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