If you were to start your own business, which business
entity structure would you choose? Justify why your chosen structure is the
best organizational form.

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

Taxation

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 Ashford 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. For information regarding APA samples and tutorials, visit the Ashford
Writing Center.