•Write a 200- to 300-word description of a business scenario, either real or fictional, that depicts each of the following forms of business organization:oJoint-stock companyoLimited liability companyoPartnershipoSole proprietorshipThe Bedgood Company manufactures and sells flooring tiles as a wholesale company.Mike Bedgood founded the Bedgood Company in 1993. In that year it was a sole proprietorship that was ran out of Mike’s shop in his backyard. He did all of the work from creating and crafting the tiles to packaging and even shipping them to the consumers. In 1995, his brother, Kris, decided that he wanted to help him. Kris asked him one day if they could create their own partnership. Mike thought it would be a good idea so he agreed. They both agreed that it should be a general partnership instead of a limited partnership. This way both of them would be equally liable for all aspects of the business.
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Corporation, Types of companies, Legal entities, Mike Bedgood