What are the 3 forms of business organization, and what are the advantages and disadvantages of each form? For a corporation, what is the overall goal of the financial manager? Do you agree with this goal? Why or why not?
Discussion Board Assignment Guidelines:
The three most common legal forms of business organizations are:
The sole proprietorship business is owned by one person and is normally one of the easiest and simplest types of business to start up and run. Opening a sole proprietorship is a low-cost way to enter the business market (Sole Proprietorship, 2013). A sole prop has no corporate taxes and pays income tax on the profits generated. Setting up a sole proprietorship is fairly straight forward it generally only requires