Small-Business Idea PaperImagine the government has released funds for creating small businesses. You are interested in establishing a small business, and you must decide which of the four forms of business organization would best suit your unique product or service. Consider legal, tax, accounting, and other implications when selecting from the four business types.Writea paper of no more than 1,250 words discussing your small-business idea. Include the following:Â· The advantages and disadvantages of the four different forms of business organization, which include the following:o Sole proprietorshipo Partnershipo LLC (limited liability company)o CorporationÂ· The different types of financial statements associated with each form of business organizationÂ· The following consequences associated with each form of business organization:o Tax implicationso Legal implicationso Accounting implications, such as SOX and FASBÂ· An explanation of the unique product or service your small business providesÂ· Your choice of business organization form for your new businessÂ· Your rationale for choosing this form of business organizationFormat your paper consistent with APA guidelines.
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