Writing
For this weeks discussion we are going to explore the different types firms which exist is business setting

Business Administration

American University of Armenia

Question Description

I’m trying to learn for my Writing class and I’m stuck. Can you help?

For this weeks discussion we are going to explore the different types firms which exist is business setting.

Also discuss the advantages and disadvantages of each type of firm

The paper should should be well formated following APA guidlines

Should be 800-1150 words

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

Attached.

Running head: THREE MAIN TYPES OF FIRMS

Three Main Types of Firms

Student’s Name
Institutional Affiliation
Course Title
Date

1

THREE MAIN TYPES OF FIRMS

2

Three Main Types of Firms
Businesses exist in many different forms, depending on the capital available, the size of
the business, and their goals. Most entrepreneurs pick the type of business that goes along with
the amount of capital that they have as well as what they want to achieve from the business. As
Baik, Lee, and Lee (2015) states, the three main types of firms are a sole proprietorship,
partnership, and corporation. The analysis of the three main types of businesses, together with
their advantages and disadvantages reveals the ideal set of conditions for each business type.
Sole Proprietorship
One of the main types of businesses is a sole proprietorship. A sole proprietorship refers
to a business which is fully owned and managed by a single individual. In a sole proprietorship,
there is no distinction between the owner and the business entity itself. Sole proprietorships
represent the simplest form of business organizations, and they are the best choice when it comes
to the management and the ownership of small and medium-sized businesses (Baik et al., 2015).
One of...

Ryansam (1313)
University of Virginia

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