Watch the short video on basic corporate
structure and business entities. The video helps explain some of the legal
nuances of a corporation and compares the corporation to other types of
business entities discussed in the text.
Exploring business entity types | Small
business | lynda.com (10:10)
A friend has asked you to help
her decide how to protect her soon-to-be-opened bakery from liability, while
still maintaining a business structure that fits her needs. Compare and
contrast two (2) different possible business entities that would be suitable
for her and explain why. Be sure to support your response with legal reasoning.