Select a business that you are familiar with or that you learn about by conducting a search of the internet. Identify the type of legal entity that it is. In other words, is it a corporation, an LLC, a partnership, a sole proprietorship, or some other type of entity? If a corporation, what can be said about the type of corporation that it is? Explain the advantages and disadvantages of that designation for the business. Provide examples of the advantages and disadvantages. Please provide citation and reference to sources. Quoted language must be put inside quotation marks and does not count toward the minimum word count.

This is a question about the legal form of the business entity. The question is not about organizational behavior.