Threaded Discussion Instructions
The first response should be to the faculty; the second response can be directed either to the faculty or to other students in the class. Your responses should be substantive, and reflect analytical and critical thinking skills, as well as, a thorough understanding of your reading assignment. A typical response should consist of 100-150 words in a single-spaced format.
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First response:
Define, compare and contrast sole proprietorships, partnerships, and corporation.
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Second response:
Hello, everyone. A sole-proprietorship has one owner who has limitless responsibility for the business. It does not have a liability protection for the owner. A partnership includes at least two individuals who join assets for the business and split the gain and losses. It also does not have liability protection for the owner. A corporation is viewed as a different legitimate substance from its investors. A corporation must file an articles of incorporation with the state in which the business will be located in order for the business to be operational. A sole-proprietorship and a partnership both do not require any documents to be filed.
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