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    Dr Eric

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    Business

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Question

Describe a sole proprietorship and discuss its advantages and disadvantages.

Describe a partnership and discuss its advantages and disadvantages.

Describe a corporation and discuss its advantages and disadvantages.

Describe an S corporation and discuss its advantages and disadvantages.

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Solution Preview

Sole Proprietorship:  is the most the most common business structure for the start-up firms where the owner of the firm is entitled to the profit, debts, losses and liabilities. The business need not to be registered with the state as a corporation or a LLC. The owner needs to only  register the name of the company, and acquire license if necessary

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