Define each of the following forms and address the advantages and disadvantages of each: Sole proprietorships Partnerships Corporations Limited liability companies

One of the first steps in making entrepreneurial business opportunities a reality is deciding what form the business will take. 

Write a 500- to 700-word paper on the various forms of business organization.

Define each of the following forms and address the advantages and disadvantages of each:

  • Sole proprietorships
  • Partnerships
  • Corporations
  • Limited liability companies

Answer the following question and explain your answer:

  • What is the most appropriate form of ownership for an aggressive entrepreneurial firm?

Cite at least two scholarly sources.

Format your paper consistent with APA guidelines


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