Hi ! Please DO NOT answer this question if you are not 100% sure of the answer!!! Thank you :)

Using the following criteria, specify the legall form of business that is favored: (a)organization requirements and costs, (b)liability of the owner, (c) the continuity of the business, (d)the transferability of ownership, (e) management control and regulations, (f) the ability to raise capital, and (g) income taxes.

BUT in addition to telling me which form of business organization is favored for each, provide a short explanation justifying your choice. Your choices should be limited to sole proprietorship, general partnership or corporation. Here is a as an example: Organizational requirements and costs is an advantage of the sole proprietorship. The business is formed simply by beginning to do business. Partnerships and corporations require a more formal organizational process since a number of owners are involved.