Sample Business Forms Worksheet
There are seven forms of business: sole proprietorship,
partnership, limited liability partnership, limited liability company
(including the single member LLC), S Corporation, Franchise, and Corporation.
1. Select one of
the forms of business
2. Research and
provide three advantages and three disadvantages for this business form.
3. Provide a 100-
to 200-word summary in which you provide an example business for each form.
Discuss at least one of the advantages and one of the disadvantages of that
form and potential legal forms that might be required.