Business Entities Assignment
Review the different types of business entities listed below:
• Sole Proprietorship
• Partnership (sometimes called a "general partnership")
• Limited Partnership
• Limited Liability Company
• S Corporation
• C Corporation
• Discuss each under a separate heading. For each type of entity, discuss the following:
• Who is/are considered the "owner(s)" of the entity
• What is the liability exposure for tort and contract for the owners; specifically discuss to what extent individual owners can be personally liable for debts/contracts/torts of the company and its employees
• How is/are the entity/owners taxed
• Give an example of a type of business venture that would be most appropriate for that type of entity?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.