Choosing the form of business to create is one of the most important decisions an enterprise makes....

Question

Choosing the form of business to create is one of the most important decisions an enterprise makes. The extent of liability and control the owner will have depends on the form of the business.

Respond to the following in a minimum of 175 words:

Differentiate among the major forms of business organization and describe what you consider to be the top 2 advantages and disadvantages of each form. Address the regulatory and financial statement differences of each form of business.

Nitish Lath · Accepted Answer

Different Types of Business Form
There are 3 basic type of business ownership such as sole owner, partnership and corporations. Each of these structures of the business group is having their own benefits and demerits. 
The sole proprietorship company form can be understood as the business which is owned by the single individual and the main advantage of this type of the business form is the simplicity. This is considered as the simple form of trade as there is no paperwork for setting this business.

Choosing the form of business to create is one of the most important decisions an enterprise makes. The extent of liability and control the owner will have depends on the form of the business. Respond...

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