Visit the Choose Your Business Structure (Links to an external site.) section of the U.S. Small Business Administrationâ€™s website.
If you were to start your own business, which business entity structure would you choose? Justify why your chosen structure is the best organizational form.
Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure:
- Steps to form
- Personal liability for owners
- Advantages and disadvantages
Your paper must be three to five pages