Business Finance
Ashford University Types of Business Organizations Paper

ashford university

Question Description

Visit the Choose Your Business Structure (Links to an external site.)Links to an external site. section of the U.S. Small Business Administration’s website.

If you were to start your own business, which business entity structure would you choose? Justify why your chosen structure is the best organizational form.

Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure:

  • Steps to form
  • Personal liability for owners
  • Taxation
  • Advantages and disadvantages

Your paper must be three to five pages (excluding title and reference pages), and it must be formatted according to APA style as outlined in the Ashford Writing Center. You must cite at least two scholarly sources in addition to the course textbook. Cite your sources in-text and on the reference page. For information regarding APA samples and tutorials, visit the Ashford Writing Center (Links to an external site.)Links to an external site..


Note: Please make sure that there should not be any plagiarism issue and also please make sure to follow all the guide line of assignment and also standards of university.

Final Answer

Hello, I have completed the paper. Kindly come back and confirm if its okay. In case of anything, get back to me am here waiting for you..

Running head: MULTIMEDIA ACTIVITY

1

Business organization
Name
Instructor
Course
Date

MULTIMEDIA ACTIVITY

2

There are various types of business organizations which operate on totally different
entities while some are closely related in all that they do. They are categorized differently
depending on a number of factors (Sitarz, 2011). Some common factors that are used to
categorize business organizations include ownership, liabilities, nature of operations, formation,
and structure among others. The paper is about various business structures and entities that exist.
There are various business structures that exist and if one has to start any business then,
quite a number of factors will be considered. Business structures are the organizational
categories that are characterized by legal definition and recognized within a given jurisdiction. If
I were to start my own business then I would choose partnership business structure. This is a type
of business structure where I will partner with two or more people to operate the new business.
The profit will be shared between the partners (Berger & Udell, 2002). The main reason for
choosing this business structure is because the business will still operate even in my absence. All
the partners usually act on behalf of one another in matters to do with business. Am also
choosing this business structure because it is less expensive and at the same time easy to set up
compared to other more complex business structures. It is also a good deal because if any loss
occurs, they will be shared among the partners and this may not...

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University of Virginia

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