Visit the Business Structure” href=”https://www.sba.gov/starting-business/choose-your-business-structure/” target=”_blank” rel=”nofollow noopener”>Choose Your Business Structure (Links to an external site.) section of the U.S. Small Business Administration’s website.
Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure:
- Steps to form
- Personal liability for owners
- Advantages and disadvantages
Your paper must be three to five pages (excluding title and reference pages), and it must be formatted according to APA style as outlined in the Writing Center. You must cite at least two scholarly sources in addition to the course textbook. Cite your sources in-text and on the reference page.