You own and run a Plumbing business, operating as a sole proprietorship with 10 employees.You as the owner have decided to reconsider what type of business entity you want to be and have decided to research which would be the best type to grow your business, protect your assets, and provide the biggest tax advantage.

1)Research, list, and describe pros and cons of the 4 types of business entities listed below for each of these factors: (25 points)

a.Ease of start-up / How it is formed

b.Ease of dissolving or closing your business

c.Ability to raise capital

d.Legal Liability of owners, partners or shareholders

The 4 types of business entities that should be discussed are:

1.Sole Proprietorship

2.Partnership

3.Corporation

4.LLC