Legal Structure and Governance
Directions:
Conduct research about the legal structure and governance of various types of business entities and complete the chart below by listing pros and cons for each type of business entity. Cite resources and address the narrative response at the end of the document.
Limited Liability Corporation (LLC)
Criteria
Requirements
Pros
Cons
Business Formation
Governance and Formalities
Fundraising and Securities Laws
Operating Agreements and Investor Documentation
Corporation
Criteria
Requirements
Pros
Cons
Business Formation
Governance and Formalities
Fundraising and Securities Laws
Operating Agreements and Investor Documentation
Limited Partnership or S Corp
Criteria
Requirements
Pros
Cons
Business Formation
Governance and Formalities
Fundraising and Securities Laws
Operating Agreements and Investor Documentation
Narrative Response:
Discuss the following in no more than 250 words.
Based upon your research, what type of business entity best suits your company? Justify your selection using specific reasons, facts, and examples.
Documentation of Sources:
In the space below, document the sources you used to complete the legal structure and governance comparison charts above.
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