Question Details

(Solved by Expert Tutors) A business owner must choose from these forms to select the legal>


form that best fits the purpose and size of the business as well as the amount of exposure to liability the owner is willing to take.?Fill in the chart below with the pros and cons of each legal form. Then, give examples of the kind and size of company that might be best suited for the form.


Characteristic Sole Proprietorship General Partnership LLP LLC Corporation Joint Venture Franchise
Liability
Exposure


Tax Exposure


Owners
Relationship


Purpose of
Form


Example

 


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About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Apr 19, 2020

EXPERT

Tutor

ANSWER RATING

YES, THIS IS LEGAL

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