Dylan & Lisa have a great business idea. They want to name the company CRX Innovations.

Identify and explain the six main forms of business entities that Dylan & Lisa can use to organize CRX (do not worry about limited liability partnerships, professional corporations, or franchises).Briefly explain the features of each type in each of these areas: (1) taxation, (2) liability, (3) ease of formation, and (4) transferability. Are there any other features that may make one form preferable to another?

Note the table at the end of Ch. 20.