Unit 1 – Assignment: Legal Entities
Write a 5 to 7-page paper (excluding the title page and references) that identifies the financial advantages and disadvantages of the following legal entities; provide examples throughout the analysis.
Sole proprietorship
Limited liability corporation (LLC)
S corporation
C corporation
Use APA format, including a properly formatted title page, citations, and references to support your analysis. Use the attached template for this paper. To maximize my score, I am required/encouraged to use the APA-formatted references shown below.
Berman, K., & Knight, J. (2009). Are your people financially literate? Harvard Business Review, 87(10), 28.
Business Roundtable. (2010, February 1). Corp. 101: The basics of corporate structure [Video]. YouTube. https://www.youtube.com/watch?v=wtMORWO5h9Y
Business structure basics. (2017). Entrepreneur. https://www.entrepreneur.com/article/75118
Carter, C. (2017). Advantages and disadvantages of different business structures. Chron. http://smallbusiness.chron.com/advantages-disadvantages-different-business-structures-21149.html
John Deere Financial. (2016, May 26). Finding the right business structure [Video]. YouTube. https://www.youtube.com/watch?v=A-Up-JUkaj0
Knight, J. (2009, September 8). Finance: What managers need to know [Video]. YouTube. https://www.youtube.com/watch?v=aJsmJsd6GIw
Knight, J. (2013, February 19). How managers should read financial statements [Video]. Harvard Business Review. https://hbr.org/2013/02/how-managers-should-read-finan.html?cm_mmc=npv-_-YOUTUBE-_-VIDEO_LINK-_-021913
Knight, J. (2015, March 23). When it pays to think like a finance manager. Harvard Business Review. https://hbr.org/2015/03/when-it-pays-to-think-like-a-finance-manager
Kulesza, C. S. (2011, March). Why the focus on financial leadership? Cost Management, 25, 43-48.
McCray, A., & Rosenbloom, P. (2015, November 24). The importance of financial leadership. Nonprofit Finance Fund. http://www.nonprofitfinancefund.org/blog/importance-financial-leadership
Nationwide Incorporators. (2010). How to choose the right business entity. http://www.nationwide-incorporators.com/article-how-to-choose-right-entity
Sonnhalter, A. (2017, May 17). Why small business owners must understand financial statements. Small Business Trends. https://smallbiztrends.com/2017/05/understand-financial-statements.html
Studer, Q. (2010). Do your nurses speak finance? Healthcare Financial Management, 64(6), 80-84.
U.S. Small Business Administration. (n.d.). Choose your business structure. https://www.sba.gov/starting-business/choose-your-business-structure
YP. (2016, March 25). Different types of business organizations [Video]. YouTube. https://www.youtube.com/watch?v=tUsoFmvwHS0
