Small business

Discuss your small business idea and include the fpllowing.

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

o Sole proprietorship
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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