Forming a Management Team/ Forms of Business

Resource: Small Business Administration (SBA) website

Access the SBA website.

Search through the Business Guide section and write paper that is  500 to 1000 words in which you discuss the following:

• What is the importance of having an effective management team, and what role does it play in overall business success? 
• What are the advantages, disadvantages and tax implications for each of the following legal forms of business? 

  Sole Proprietor
  Partnership
  LLC
  LLP
  Corporation
  Non-Profit

Format your paper consistent with APA guidelines.