Gloucester County Institute of Technology



Worksheet: Pros and Cons of the Forms of Business OwnershipStudent Name:_______________________________________________________ Date:___________Directions: Choose one type of legal form of business ownership to study. Using information from the presentation and from your notes, list four pros and four cons of this type of ownership.The form of business ownership that I would like to evaluate is: _____________________________ProsCons1.2.3.4.1.2.3.4.Directions:After completing your pros and cons chart, write a reflective piece that illustrates the pros and cons of one form of business ownership. Use the following frame to help organize your writing.There are many different forms of business ownership. The most common forms include sole proprietorship, partnership, corporation, and limited liability company. As an individual who may someday own her own business, I have decided to evaluate (insert form of business ownership).This form of business ownership is…Some examples of businesses that operate under this form of ownership could include…The advantages of this type of ownership include…It also…Some of the disadvantages of this type of ownership are…In addition to…In conclusion…Before handing in your reflection, check to make sure it meets or exceeds the following assessment criteria:The reflection begins with an introductory statement that clearly and correctly describes the form of business ownership you have chosen to investigate.It provides examples of relevant businesses that most likely operate under this type of ownership.It includes at least two well-explained and accurate advantages of that particular type of business ownership.It includes at least two well-explained and accurate disadvantages of that particular type of business ownership.The work is neat and legible, and uses proper spelling and grammar. ................
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