Define the form of business entity

  1. What are the four forms of business entities/organizations? Compare the characteristics of each business entity in terms of the following:                                            
  • Define the form of business entity
  • Formation of the business entity
  • Whether it is a Separate legal entity / not a separate legal entity
  • Advantages and disadvantages of the business entity
  • Ownership of the business entity
  • Management of the business entity
  • Liability of the business entity
  • Dissolution and Continuation of the business entity
  1. Give detailed information on a real life example for each form of business organizations. 
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