Individual Assignment- Entity Comparisons
Write a paper of no more than 750 words. Include the following:
The advantages and disadvantages of the different forms of business organization, which include the following:
NO OTHER ENTITIES MAY BE USED!
Research the following consequences associated with each form of business organization:
Accounting implications, such as SOX, GAAP and FASB
For tax implications for each entity. Do some research on specific implications.
Legal implications refers to liability and continuity of the entity in the event of death or the withdrawal of a partner, owner or shareholder. Be sure to be specific about liability issues, particularly with the partnership.
For SOX ,GAAP and FASB, what entities are required by law to comply? for which entities are these best practices?
This will require a good amount of credible, peer reviewed research. Also, make sure the research is current (within the last few years).
This assignment is meant to force you to be clear and concise in your writing. If a sentence is not conveying a fact, it is fluff, and needs to be cut.