Business Entities

Review the different types of business entities listed below:

  • Sole Proprietorship
  • Partnership (sometimes called a “general partnership”)
  • Limited Partnership
  • Limited Liability Company
  • S Corporation
  • C Corporation
  • Discuss each under a separate heading. For each type of entity, discuss the following:
  • Who is/are considered the “owner(s)” of the entity
  • What is the liability exposure for tort and contract for the owners; specifically discuss to what extent individual owners can be personally liable for debts/contracts/torts of the company and its employees
  • How is/are the entity/owners taxed
  • Give an example of a type of business venture that would be most appropriate for that type of entity?
  • Your paper must be between 1,000 words, not including the title page and reference.
    Your paper must be in APA format
    Your paper must have a minimum of five sources in the references
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