Multimedia Activity: Business Organization
In this paperwork, I am going to list the general requirements of an LLC, corporation, and partnership. I will also discuss a business organization that is an LLC giving the reason why it adopted this form instead of the other available forms; partnership and corporation. I will also discuss the advantages and disadvantages that come with LLC.
Through research, it is depicted that the general requirements for a partnership, an LLC, and corporation are, approximately, the same lawfully. It is expected of them that all their general requirements are formed with the intention of making or maximizing profit. Hence, ...