Sample Format for the Task
Task Instructions:
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.

Differentiate among the following forms of business by explaining how at least six of the seven key characteristics listed in the introduction to this task apply to each of the following organizational forms:
1. Sole Proprietorship
2. General Partnership
3. Limited Partnership
4. C-Corporation
5. S-Corporation
6. Limited Liability Company

SAMPLE FORMAT

Sole Proprietorship: Write a brief description of the form of business ownership, advantages and disadvantages. The key characteristics of the form of ownership should be addressed by discussing six of the seven bullet points below. You will want to have the heading as the form of business ownership and then use the bulleted list below for the key characteristics.
• Liability
• Income Taxes
• Longevity or Continuity of the Organization
• Control
• Profit Retention
• Location
• Convenience or Burden

General Partnership: Write a brief description of the form of business ownership, advantages and disadvantages. The key characteristics of the form of ownership should be addressed by discussing six of the seven bullet points below. You will want to have the heading as the form of business ownership and then use the bulleted list below for the key characteristics.
• Liability
• Income Taxes
• Longevity or Continuity of the Organization
• Control
• Profit Retention
• Location
• Convenience or Burden

Limited Partnership: Write a brief description of the form of business ownership, advantages and disadvantages.