Type of Business

1. Using the web, your notes and textbook, research and write the definition for these types of business structures:

• Sole Proprietorship 
• Partnership 
• Corporation
• LLC

2.  Decide which structure would best fit your business. Then write one paragraph explaining the reasons why you feel that it is the best structure for your business.

3. On the web, research how to set up a business.  Then create two separate bulleted lists with at least a complete sentence for each bullet explaining:

• The legal steps involved in starting a business (about 5)
• The key steps necessary for creating a successful business (about 10)