Write a 3–page executive briefing of potential factors and issues associated with four types of business entities in the context of U.S. contract law.
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 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? Explain the pros and cons of each entity in this context.
-Who in the business entity would typically approve and sign a contract? Explain the pros and cons of each entity in this context.
-Who in the business entity would have liability associated with the contract? Explain the pros and cons of each entity in this context.
-What are the effects of the type of business entity on the ability to contract for the sale of the business? Explain the pros and cons of each entity in this context.