Businesses come in all sizes, from small businesses like local restaurants, local hair salons, dry cleaners, and others, to franchise and corporations. This project covers these types of businesses and the legal details of their organizational structure. Using 5 outside references and at least 3,500 words discuss the following:
1. Fully discuss the nature and important features of a sole proprietorships, partnerships, and LLC.
2. How do you create and operate a partnership?
3. How do you dissolve a partnership?
4. Discuss the nature and classification by purpose of corporations.
5. Discuss the ownership of a corporation focusing in own types of stocks.
6. Discuss the management and dissolution of a corporation. Look at the rights of stockholders.