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Study Notes for Task 1

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SearchImagesMailDriveCalendarSitesGroupsContactsMoreMaps YouTube News Translate Mobile Books Offers Wallet Shopping Blogger Finance Photos Loading... Find more apps Even more »Account Options wdrumm3@wgu.eduThis account is managed by wgu.edu. Learn more William Drummond wdrumm3@wgu.edu Account–PrivacyJoin Google+William DrummondWilliam Drummond wdrumm3@wgu.eduAll your Google+ pages ›Add account Sign out Settings LIT1 Task1.pdfAdd to DriveEdit onlineDownload originalShareFileViewHelp SUBDOMAIN 310.1 - BUSINESS LAW Competency 310.1.2: Organizational Forms - The graduate can select the appropriate form of organization for a business. 310.1.2-01: Differentiate between a sole proprietorship and …show more content…

In your report to the owner, format your response so that it is easy to make comparisons among the six forms of organization. You should use a listing approach rather than discussing several concepts in the same A. Write a report (suggested length of 5–7 pages) about the forms of business organizations listed below. Your report should have a subheading for each business form with a brief description of the business form and a brief discussion of the key characteristics, advantages, and disadvantages of that form of organization. 1. Explain how at least six of the seven key characteristics listed in the introduction to this task apply to each of the following organizational forms: a. Sole proprietorship b. General partnership c. Limited partnership d. C-corporation e. S-corporation f. Limited liability company B. Write a memorandum (suggested length of 1–2 pages) in which you analyze your findings by doing the following: 1. Recommend a specific form of organization that should be used in the given 2. Justify why that is the best business form for this situation. Note: Please use standard

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