Legal Underpinning of Business Law

Anthony R Blanks Jr.

Ashford BUS 670 (MFH1438B)

Stacey Calloway

09/22 /2014

Legal Underpinning of Business Law

There are five different compositions or forms of business by which companies can be established. They are sole proprietorship, general partnerships, limited partnerships, limited liabilities corporations, and incorporated corporations. Each form entails the business position on how much liability that they are responsible for, the amount of revenue that can be generated and saved by being under the form which will suit the amount of risk that the company should take on. Within this paper similarities will be shown between each form and the comparison will demonstrate how each company can reduce the amount of...