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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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