Write a paper of no more than 1000 words discussing your
small-business idea. Include the following:
• The advantages and disadvantages of the four different forms of
business organization, which include the following:
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o Partnership
• The different types of financial statements associated with each
form of business organization
• The following consequences associated with each form of business
organization:
o Tax implications
o Legal implications
o 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
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