Business Finance
BBA3210 Columbia Southern Corporation and LLC Comparison Paper

BBA3210 Business Law

Columbia Southern University

Question Description

What are the major differences between a corporation and a limited liability corporation (LLC)? Why do you believe governing bodies have chosen to create the two different entities?


Your response should be at least 200 words in length.

Briefly define what makes each of the following entities different from each other and what the advantages might be for each: sole proprietorship, general partnership, limited partnership, and limited liability partnership (LLP).

Your response should be at least 200 words in length.

Final Answer

Please find attached. Thank you.

Running head: FORMS OF BUSSINESSES

Forms of Businesses
Student’s Name
Name of Course
Name of the Affiliated Institution
Instructor’s Name
Date

1

FORMS OF BUSSINESSES

2
Forms of Businesses

Titles are significant in the business world, not only are they useful in identifying a
business but also in explaining the operational procedures. It always complicated to
entrepreneurs who get confused on which company to start given the many different ideologies
among financial advisers. That is why it is essential to do thorough research on businesses.
1.

The difference between a corporation and a limited disability corporation

Corporations and LLC are different in many forms, first of all, Taxation is different in
these entities in a manner tha...

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