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Questions/Law/Business Law
Small business idea paper
Write a paper of no more than 1,250 words discussing your small-business idea. Include the following:
● The advantages and disadvantages of the four different forms of business organization, which include the following:
○ Sole proprietorship
○ Partnership
○ C corporation
○ S corporation
● The different types of financial statements associated with each form of business organization
● The following consequences associated with each form of business organization:
○ Tax implications
○ Legal implications
○ Accounting implications, such as SOX and FASB
● An explanation of the unique product or service your small business provides
● Your choice of business organization form for your new business
● Your rationale for choosing this form of business organization
Format your paper consistent with APA guidelines
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