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Discuss the sole proprietorship legal form. Explain the partnership legal form.

7.1/7.2. Discuss the sole proprietorship legal form. Explain the partnership legal form. Explain how the corporate form gives owners more protection from liability. Discuss the advantages and disadvantages of a C-corporation Describe a Subchapter S corporation.

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Discuss the sole proprietorship legal form. Explain the partnership legal form.

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  1. 7.1/7.2 • Discuss the sole proprietorship legal form. • Explain the partnership legal form. • Explain how the corporate form gives owners more protection from liability. • Discuss the advantages and disadvantages of a C-corporation • Describe a Subchapter S corporation. • Compare nonprofit corporations to C-corporations. • Explain the limited liability company. • Discuss how to decide which legal form to use Section 7.1 Sole Proprietorships and Partnerships

  2. 7.1 sole proprietorship liability protection unlimited liability partnership general partner limited partner 7.2 corporation C-corporation shareholders limited liability Subchapter S corporation limited liability company (LLC) nonprofit corporation Section 7.1 Sole Proprietorships and Partnerships

  3. Sole Proprietorship Advantages Section 7.1 Sole Proprietorships and Partnerships 3

  4. Sole Proprietorship Disadvantages Section 7.1 Sole Proprietorships and Partnerships 4

  5. Partnerships Advantages Section 7.1 Sole Proprietorships and Partnerships 5

  6. Partnerships Disadvantages Section 7.1 Sole Proprietorships and Partnerships 6

  7. 7.1 • Discuss the sole proprietorship legal form. Section 7.1 Sole Proprietorships and Partnerships

  8. 7.1 • Explain the partnership legal form. Section 7.1 Sole Proprietorships and Partnerships

  9. C-Corporation Advantages Section 7.2 Corporations 9

  10. C-Corporation Disadvantages Section 7.2 Corporations 10

  11. 7.2 • Explain how the corporate form gives owners more protection from liability. Section 7.2 Corporations

  12. 7.2 • Discuss the advantages and disadvantages of a C-corporation. Section 7.2 Corporations

  13. 7.2 • Describe a Subchapter S corporation. Section 7.2 Corporations

  14. 7.2 • Compare nonprofit corporations to C- corporations. Section 7.2 Corporations

  15. 7.2 • Explain the limited liability company. Section 7.2 Corporations

  16. 7.2 • Discuss how to decide which legal form to use. Section 7.2 Corporations

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