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Describe the advantages and disadvantages of the main forms of business organiza
Describe the advantages and disadvantages of the main forms of business organization, including sole proprietorships, the 2 types of partnerships, and the main types of corporations, including the LLC.
Explain the types of corporations and the key elements.
Explain the process of forming a corporation.
Describe the traditional business plan format, key components, and sections.
Explain the reasons for business plans and why they are important.
After reading Chapter 4, please address the following:
Compare and contrast the advantages and disadvantages of sole proprietorships versus an LLC.
Compare and contrast the advantages and disadvantages of a corporation versus an S-Corp.
If you were to start a small business, which form of business ownership would you choose: sole proprietorship, LLC, S corporation, or Partnership, and why?
After reading the SBA article SBA Business Plan Information – https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan
Please list and explain the key components of a typical business plan.
After reading the other 2 assigned articles The Importance of a Business Plan and 5 Reason for a Business Plan:
https://www.sbdc.duq.edu/Blog-Item-The-Importance-of-a-Business-Plan
https://www.sba.gov/blog/5-reasons-you-need-business-plan
Please discuss and explain the main reasons why a business plan is important.
Compose an initial post of at least 300 words by answering the prompt given above
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