Please present citations for the SOURCES (APA Style Criteria
In your initial response to the topic you have to answer all questions.
1) Identify three small businesses in the your local economy. What is the primary product and/or service for each? What drives the success from your point of view?
2) Identify the various forms of business organization and describe characteristics of each. Note: business organization refers to the type of legal entity (partnership, corporation, LLC, and others).
3) Suppose that a group of CPAs wants to start their own accounting firm. What organizational form would they most likely choose, and why? Consider liability protection and financial arrangements that a professional services firm such as CPAs would most likely desire.
You are expected to make your own contribution in a main topic as well as respond with value added comments to at least two of your classmates as well as to your instructor.