Upon successful completion of this unit, you will be able to:

  • 2a Discuss the legal forms of businesses, including sole proprietorships, partnerships, corporations, limited-liability corporations, and subchapter S corporations (CLO 3)
  • 2b Discuss the potential of a business to be profitable, when considering legal form of business, tax rates, and break-even analysis (CLO 3)
  • 2c Evaluate the appropriateness of the different legal forms of business for various business contexts (CLO 3)
  • 2d Analyze the impact of small business on the economy (CLO 3)
Back to 'Unit 2: Entrepreneurship and Legal Forms of Business'