LAW 220 Grantham University Entity Formation Case Discussion In this very important week you will learn how organizations or entities are formed and the pr

LAW 220 Grantham University Entity Formation Case Discussion In this very important week you will learn how organizations or entities are formed and the protections that go along with them. Whether an entity is incorporated, a LLC, LLP or sole proprietorship, it is important this is thought through as each type of entity formation has distinct advantages and disadvantages.

Upon successful completion of this week’s lesson, you should be prepared to:

Explain the intersection between law and business

In addition, you will learn to:

Advocate the advantages and disadvantages of the various forms of business

ASSIGNMENT

Carla plans to open Carla’s Pets Store, a pet sales and pet supplies outlet, and to hire Quimby and Ruth. Carla will invest only her own money. She does not expect to make any profit for at least two years and to make almost no profit for the first three years, but she hopes to expand eventually.

Which form of business organization would be most appropriate?

What are the main characteristics, advantages, and disadvantages of this form of business organization?

If Carla wants to obtain additional capital to expand the business, but does not want to lose control of the company, what is her best option?

Your paper should be 500-750 words, with at least two cited external sources.