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BUS311 Business Organization Activity The University of Arizona Global Campus BUS311: Business Law 1 Business Organization Activity In this essay I will be evaluating the different Business struc... tures, sole proprietorship, partnership, LLV, and corporation. I will go over how each one is formed, the liability, taxation and the advantages and disadvantages of each structure. I plan to open a photography business and after evaluating the different structures I have decided that a sole proprietorship was the best option for my business at this time. Sole Proprietorship A sole proprietorship Is when a single owner owns and runs their business. This business is unincorporated and can not be part of a limited liability corporation or LLC. (IRS, n.d.) To start a sole proprietorship, you do not have to register your business like you would with other types of business structures. (Murray,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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