11 Jun IDENTIFY THE ADVANTAGES AND DISADVANTAGES OF PARTNERSHIPS, LIMITED LIABILITY COMPANIES, AND CORPORATIONS.
Identify the advantages and disadvantages of partnerships, limited liability companies,
and corporations.
Question
Imagine that you and your business associates are trying to decide what type of partnership to
form and whether or not you would like to incorporate.
Explain the role of agency in your business association.
1. Identify the advantages and disadvantages of partnerships, limited liability companies,
and corporations.
2. From your perspective, discuss which of these is the best fit for you, your business, and
your associates. Explain why in your answer.
3. Imagine your future partners see things differently and want to use a different form of
partnership (of your choice for this assignment). Discuss how you would persuade your
future partners to go with your preferred form.
4. Use at least three (3) quality academic resources in this assignment
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