In a well-organized, 500-word essay, compare, contrast, and describe the sole proprietorship, partnership, limited liability company, and corporate forms of business organization. Include the pros and cons of each form of business.

Answer preview

Business organizations are categorized into different forms and types. The most common forms of business are corporations, partnerships, limited liability companies, and sole proprietorships. These forms of business have similarities in that they all have legal ownership, rights, and responsibilities. For instance, state and…