Legal Forms of Business Paper Discuss with your Learning Team the difference between subchapter S, partnership, limited liability partnership, and Limited Liability Corporation? As a team, discuss in what business setting you would want to use a pass-through form. Is one form better suited than another? Why or why not?
Write a 750 to 1,050 word paper in which you:
1. Compare, Contrast and Analyze each of the following forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company, S corporation, franchise, and corporation.
2. Develop scenarios in which four (you choose which four) of these forms of business would be the preferred form.
3. For each of those four scenarios explain and defend why the business form you chose is preferred.