Business Entities
Review the different types of business entities listed below:Sole ProprietorshipPartnership (sometimes called a “general partnership”)Limited PartnershipLimited Liability CompanyS CorporationC CorporationDiscuss each under a separate heading. For each type of entity, discuss the following:Who is/are considered the “owner(s)” of the entityWhat is the liability exposure for tort and contract for the owners; specifically discuss to what extent individual owners can be personally liable for debts/contracts/torts of the company and its employeesHow is/are the entity/owners taxedGive an example of a type of business venture that would be most appropriate for that type of entity?Your paper must be between 1,000 words, not including the title page and reference.Your paper must be in APA formatYour paper must have a minimum of five sources in the references
