Main forms of legal business ownership

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Compare and contrast (pros and cons) of the 3 main forms of legal business ownership. (Sole proprietorships, partnerships, and corporations). That means you will describe each one, and explain the pros/cons or advantages/disadvantages of each trying to differentiate your answers from anyone else’s.

If you were going to open up a business, which form of business ownership discussed above would you use and WHY would you choose this form based on the attributes (pros/cons) of that type of ownership (Be specific)?

Based on whatever form you chose in question 2 to open your business under, why would YOU be successful running your own business AND what may your weaknesses be running a business? (So what are your personal business ownership strengths and your weaknesses?)

Reference no: EM132221163

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