Reference no: EM13889261

1. What are the four forms of business entities/organizations? Compare the characteristics of each business entity in terms of the following:

• Define the form of business entity
• Formation of the business entity
• Whether it is a Separate legal entity / not a separate legal entity
• Advantages and disadvantages of the business entity
• Ownership of the business entity
• Management of the business entity
• Liability of the business entity
• Dissolution and Continuation of the business entity

2. Give detailed information on a real life example for each form of business organizations.

(In question2 you need to provide a real life example of the business entity. Not a hypothetical example. Mention a name of a real business or a real company. You can provide the website of the company in your references.)