One of your clients was to form a new business. He spoke to his lawyer and was advised to check with CPA to determine the business form of organization. He gave you the following lists:
Sole Partnership
General Partnership
Limited Partnerhip
Limited Liability Partnership
Corporation
Select one of the following and write a memo containing the following information:
a. Describe the form and nature of operation of business
b. Advantages and disadvantages
c. Disadvantages