Discussion Question 2

View more »[removed]Types of Business Organizations and Their Use

2.  You read in your text book about various business organizations and forms of doing business such as sole proprietorships, partnerships, corporations (C corporations and S corporations), limited liability companies, franchises, limited partnerships and limited liability partnerships.  

(i) In choosing a form of business organization to use to operate a business, there are certain factors one must consider in determining which form of business organization to use.  Name three factors to consider and fully explain why each is an important consideration in making a determination as to which form of business organization to use.

(ii) Provide two example businesses and specify which form of business organization should be used for each of the two businesses.  Fully explain and justify why the business organization you chose is the best form of business organization to use for operation of the business.