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seven forms of business, Week 3 Individual Assignment help

The purpose of this assignment is to build upon the course studies by identifying the various forms of business, and then considering the advantages and disadvantages associated with each type. By completing the Business Forms Worksheet, the student gains a perspective of the legal forms of business and the advantages and disadvantages to each form. This assignment affords the student the opportunity to approach this assignment from the point of a view of an entrepreneur.

There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S corporation, franchise, and corporation.

  1. Provide a 300- to 500-word summary for the seven forms of business, and provide an example business most appropriate for each business form.
  2. Select one of the forms of business to research and provide three advantages and three disadvantages for the selected business form.
    1. Provide a 100- to 200-word summary in which you discuss at least one of the advantages and one of the disadvantages of that form and potential legal documentation (e.g., IRS Tax Forms, Articles of Incorporation, Partnership Agreement) that might be required for its operation.

Complete the Business Forms Worksheet. Integrate research with APA-formatted in-text and reference citations. Dress up the Worksheet appearance to satisfy the Grade Rubric’s Mechanics section, bullet point #1.

Required elements

Students earn their grades based on the Grade Rubric. It will be inserted with comments at the end of each graded paper, along with other specific comments inserted directly into the paper itself. A grading scale (i.e. A -F) is provided in the Instructor Policies (Spiering, 2016). So, students earn high grades by satisfying each bullet point in each section – Content, Organization/Development and Mechanics.

Please note that the Mechanics section of the Grade Rubric requires the integration of research in APA format, including in-text and reference citations.

Click the Assignment Files tab to submit your assignment.

Grade Rubric for Week 3 Individual Assignment: Business Forms Worksheet

Content 60 Percent

3 Points


Additional Comments:

  • The student provides a summary and example business for each of the seven forms of business.
  • The student identifies three advantages and three disadvantages for one of the business form selected.
  • The student discusses at least one of the advantages and one of the disadvantages of that form.
  • The student discusses the potential legal documents (e.g., IRS Tax Forms, Articles of Incorporation, Partnership Agreement) that might be required for the business form selected.

Organization / Development 20 Percent

1 Point


Additional Comments:

  • The summaries are 300-500 and 100-200 words in length, respectively.
  • Logical content development, e.g., introduce, define, explain, and apply concepts.
  • Sentences and phrases are well constructed, strong, and varied.
  • Appropriate tone – use of objective, 3rd person writing is encouraged.

Mechanics 20 Percent

1 Point


Additional Comments:

  • Professional appearance – same font size, type, and spacing used throughout paper.
  • Intellectual property is recognized with properly formatted in-text citations and a reference page.
  • Rules of grammar, usage, and punctuation are followed. Spelling is correct.
  • APA references should include the course text. Students are encouraged to cite the relevant weekly reserve readings.




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