COURSE MATERIALS:Please read the following sections contained in the online textbook Boundless Business:
Types of Business Ownership
ASSIGNMENT:Please respond to the following
- Define the following types of business ownership.
- Sole Proprietorship
- Limited Liability Company
- For each type of ownership listed in #1 above, list the pros (advantages) and cons (disadvantages). Be sure to pay close attention to owner liability and tax treatment for each type of business ownership.
Requirements:Minimum Page Length – 1 full-page (excluding title/header and reference list); 12-point Times New Roman; double spaced; and page numbering.