One of the first steps in making entrepreneurial business opportunities a reality is deciding what form the business will take. 

Write a 525- to 700-word answer on the various forms of business organization.

Define each of the following forms and address the advantages and disadvantages of each:

  • Sole proprietorships
  • Partnerships
  • Corporations
  • Limited liability companies

Answer the following question and explain your answer:

  • What is the most appropriate form of ownership for an aggressive entrepreneurial firm?

Cite 3 peer-reviewed, scholarly, or similar references to support your paper.

See attached Grading Criteria