Write a paper answering the following questions about the various types of business organizations. Support your points with statutes, case law, and/or scholarly articles.
What are the advantages and disadvantages of sole proprietorships?
What are the three essential elements necessary (but not necessarily sufficient) to form a partnership?
What is the difference between a general partnership and a limited partnership?
Does a corporation have a right to freedom of speech?
What are the most common situations in which directors allegedly violate their duty of loyalty?
What sort of legal protection is offered to directors and officers by the business judgment rule?
A source and material to use:
http://open.lib.umn.edu/exploringbusiness/part/chapter-4-selecting-a-form-of-business-ownership/