For each of the following small businesses, describe the best form of business ownership: sole proprietor, partnership, or corporation. The small businesses include the following:
- Retail electronics
- Software developer
- Advertising
Justify and explain why it is the best form of ownership for each particular business.
Be sure to include the advantages and disadvantages of the form of ownership in your discussion.
Suggestions for Responding to Peer Posts
Review a peer’s response that chose a different type of ownership for one or more of the companies than the one that you chose.
- Did any of the supporting statements make you reconsider your position? Why or why not?
- Compare your list of advantages or disadvantages. Where there any similarities or differences?
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
For assistance with your assignment, please use your text, Web resources, and all course materials.