Legal Forms of Business Name Professor Course Date The right legal form of business determines the kind of business journey one ventures into. For instance, when one is considering the type of business, it needs one to do a lot of business consideration as well as investments. There are various forms of business with their cons and pros. Firstly, there is sole proprietorship as one of the business legal forms. It is one of the simplest forms of business. Here only one person is held responsible for all the debts and profits in the firm. The disadvantage with this form of business is that only one person is held liable for all the company’s loses. Also, one has the onerous duty of providing...