Purpose: To develop an understanding of forms of small businesses formation decisions.
Part A (Worth 100 Points): You are serving as an advisor to a client who would like to change his/her sole proprietorship small business to a Limited Liability Company (LLC) or Corporation. He/she is unsure about the benefits of an LLC or Corporation. You need to find a way to explain to your friend the benefit of this type of business formation.
You decide to write a short professional memo to explain the benefit of a LLC or corporation. Prepare a well-written one-two page (single-spaced) memo. In drafting your memo, you will need to create a fictitious company you are writing the memo to assist in this business formation change.
Be sure to include the following sections in your memo.
Explanation of an LLC or Corporation (see chapter 21-22)
Conclusion showing a strong recommendation for the formation of an LLC or Corporation.
Use grammatically correct business writing that is “audience centered, purposeful, persuasive, and economical” (M.E. Guffy & D. Loewy, 2010, p. 50).
Be sure to cite your sources (if relevant) using APA. Please use the American Psychological Association (APA) format for in-text citations (may not be relevant in this assignment). Instruction for using APA can be found online athttps://owl.english.purdue.edu/owl/resource/560/01… (Links to an external site.)Links to an external site..
Do not plagiarize.
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