ACCT 561 Small business idea

Writea 1,250 (±125) word paper discussing your small-business idea. Include the following:

 

•  The advantages and disadvantages of the four different forms of business organization, which include the following:

 

•  Sole proprietorship

•  Partnership

•  C corporation

•  Scorporation

•  The different types of financial statements associated with each form of business organization.

 

•  The following consequences associated with each form of business organization:

 

•  Tax implications

•  Legal implications

•  Accounting implications, such as SOX and FASB

 

•  An explanation of the unique product or service your small business- provides.

•  Your choice of business organization form for your new business.

•  Your rationale for choosing this form of business organization.

 

Cite your references consistent with APA 6thedition guidelines.