Business Entity Implications For Contracts, law homework help

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Research each of the following types of business entities:

  • Sole proprietorship.
  • Partnership.
  • Corporation.
  • Limited liability company (LLC).

Consider potential factors and issues associated with each of these types of business entities in the context of contract law. Write a 2 to 3 page paper analyzing the following for each of the above four types of business entities:

  • Who in the business entity would typically create and negotiate a contract?
  • Who in the business entity would typically approve and sign a contract?
  • Who in the business entity would have liability associated with the contract?
  • What are the effects of the type of business entity on the ability to contract for the sale of the business?

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