Organizational Type and Considerations for a Small Business
This class is one of the classes that can be taken to meet the pre-loan class requirement. Three (3) classes are required prior to getting a loan.
Identify general characteristics, advantages, and disadvantages of each of these organizational types for small businesses:
- Sole proprietorship
- Partnerships (general partnership, limited partnership and limited liability partnership)
- Limited liability company (LLC)
- C-corporation
- S-corporation