Business Organization

  Business Organization

DeAngelis, M. (2012, February 15). Business Entities. Hartford, Connecticut, USA. Accessed via: http://legalstudiesclassroom.blogspot.com/2012/02/business-entities.html

List the general requirements of an LLC, partnership and corporation. Find an example of a business organization that is an LLC. Discuss why this company preferred to be formed as an LLC instead of a partnership or a corporation. Describe at least one advantage or disadvantage of the LLC form for the company.

The paper should be two pages in length and formatted accord to APA style as outlined in the Ashford Writing Center. The paper should have a Title Page and Reference page that includes one additional scholarly resource beyond the webpage that is required.

 

……………………..Answer preview……………………………

Businesses are organized in one of several ways and the choice the owners get will affect the owners and company’s income tax treatment and legal liability. The main forms of organizations include partnership, corporations, and limited liability companies (DeAngelis, 2012). LLC protects the proprietor’s personal properties from economic liability and protection against personal liability…………………………………….

APA
630 words