Why is the choice of the right legal form of organization so important? Which would you choose? In addition to the answer to this question, please discuss at least one thing that you didn’t know about legal forms of the organization prior to the readings for the week.
Longennecker, J., Petty, W., & Plaich, L. (2020). Small business management: Launching and growing entrepreneurial ventures (19th ed.). Boston, MA: Cengage Learning.
Chapter 8-2: Common Legal Forms of Organization
Chapter 8-3: Considerations in Choosing an Organizational Form
Chapter 8-4: Specialized Legal Forms of Organization
Chapter 3: Franchises and Buyout
https://www.sba.gov/business-guide/launch-your-business/choose-business-structure
https://www.irs.gov/businesses/small-businesses-self-employed/business-structures
ttps://www.sba.gov/business-guide/plan-your-business/buy-existing-business-or-franchise
