BSUW 390 ERAU Business Law Question
There are several types of business structures, each with advantages and disadvantages. A sole proprietorship gives you complete control of your business. A partnership is a simple structure when two or more people own the business together. Two other types of corporate structure are Limited Partnerships (LP) and Limited Liability Partnerships (LLP). Another type of business structure you may have heard of is a cooperative, which is an organization owned and operated for those using its service. This assignment will explore Limited Liability Companies (LLCs) and two types of corporations: S-Corporations and C-Corporations.Review the following documents comparing business entities:Create a matrix charting the pros and cons for LLCs, S-Corporations, and C-Corporations. Answer the ten (10) questions below in the matrix.Note: Entries in the matrix must be complete sentences that fully explain the definition of each entry. All subquestions must be answered.Your table should look like this example: Corporate Organization Pros and Cons Matrix (DOCX).Download Corporate Organization Pros and Cons Matrix (DOCX).