Read the following questions, and use what you know about Ownership Structures to summarize your responses in a 3-page paper (APA formatting required):

1. Define each of these different forms of legal structures: sole proprietorship, partnership, corporation, S corporation, and LLC.

1. Compare the advantages and disadvantages for each type of ownership, and indicate which advantage and disadvantage is most significant for a small business.

1. Indicate which advantage and disadvantage is most significant for a medium-to-large business.