Study Notes for Task 1

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In your report to the owner, format your response so that it is easy to make comparisons among the six forms of organization. You should use a listing approach rather than discussing several concepts in the same A. Write a report (suggested length of 5–7 pages) about the forms of business organizations listed below. Your report should have a subheading for each business form with a brief description of the business form and a brief discussion of the key characteristics, advantages, and disadvantages of that form of organization. 1. Explain how at least six of the seven key characteristics listed in the introduction to this task apply to each of the following organizational forms: a. Sole proprietorship b. General partnership c. Limited partnership d. C-corporation e. S-corporation f. Limited liability company B. Write a memorandum (suggested length of 1–2 pages) in which you analyze your findings by doing the following: 1. Recommend a specific form of organization that should be used in the given 2. Justify why that is the best business form for this situation. Note: Please use standard

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