You are assigned an industry of the food turck. You will analyze the advantages and disadvantages for a business in that industry to be organized as each of the following entities:
- Sole Proprietorship
- General Partnership
- Limited Partnership
- Limited Liability Company
- Corporation
REQUIREMENTS: Choose the best entity for the business within the industry you were assigned and give reasons for that choice.Explain why you did not choose the other entities.Directly assess the tax and legal liability implications for each entity. You should also assess other advantages or disadvantages, but you MUST include a tax/liability analysis.