Basic forms are sole proprietorships, partnerships, and corporations. - Essay Prowess

Basic forms are sole proprietorships, partnerships, and corporations.

Basic forms are sole proprietorships, partnerships, and corporations.

  

The three basic forms are sole proprietorships, partnerships, and corporations. Some disadvantages of sole proprietorships and partnerships are: unlimited liability, limited life, difficulty in transferring ownership, and hard to raise capital funds. Some advantages are: simpler, less regulation, the owners are also the managers, and sometimes personal tax rates are better than corporate tax rates. Which form of business organization would you recommend for a new financial technology startup and why