Business Forms Worksheet 1
LAW/531 Version 9
University of Phoenix Material
Business Forms Worksheet
There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation.
1. Research and provide three advantages and three disadvantages for each business form.
2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file in order to form that business? Discuss at least one of the advantages and one of the disadvantages of that form.
Sole Proprietorship
Advantages
1.
2.
3.
Disadvantages
Summary
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Business Forms Worksheet 2
Partnership
Business Forms Worksheet 3
Limited Liability Partnership Advantages
Business Forms Worksheet 4
Limited Liability Company, (including the single member LLC) Advantages
Business Forms Worksheet 5
S Corporation
Business Forms Worksheet 6
Franchise
Business Forms Worksheet 7
Corporation