Term Papers: Select one of the forms of business to research and provide three advantages and three disadvantages for the selected business form.

Term Papers: Select one of the forms of business to research and provide three advantages and three disadvantages for the selected business form.

There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S corporation, franchise, and corporation.

Provide a  summary for the seven forms of business , and provide an example business most appropriate for each business form.

Select one of the forms of business to research and provide three advantages and three disadvantages for the selected business form.

Provide a summary in which you discuss at least one of the advantages and one of the disadvantages of that form and potential legal documentation (e.g., IRS Tax Forms, Articles of Incorporation, Partnership Agreement) that might be required for its operation.