Choose Your Business Structure:
1. Sole Proprietorship
2. Limited Liability Company
3. Cooperative
4. Corporation
5. Partnership
6. S Corporation
If you were to start your own business, which business entity structure would you choose? Justify why your chosen structure is the best organizational form.
Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure:
Steps to form
Personal liability for owners
Taxation
Advantages and disadvantages