Wk 5 Discussion – Form of Business [due Thurs] Answer

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Discussion Topic

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students or your faculty member. 

 

Due Thursday 

Choosing the form of business to create is one of the most important decisions an enterprise makes. The extent of liability and control the owner will have depends on the form of the business.

 

Respond to the following in a minimum of 175 words:

  • Differentiate among the major forms of business organization and describe what you consider to be the top 2 advantages and disadvantages of each form. Address the regulatory and financial statement differences of each form of business.

 

Due Monday 

Reply to at least 2 of your classmates or your faculty member. Be constructive and professional.

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The different business forms are sole proprietorship, partnership, and corporation.

 

Sole proprietorship is the

This question is taken from Accounting 543 – Managerial Accounting & Legal Aspects Of Business » Spring 2022 » Discussion