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?

For this assessment, complete the following:

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?
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?

 

When writing the paper, the following criteria should be answered/completed:
-Analyzes contract creation and negotiation for the most common types of business entities and explains why one entity might be considered optimal in

this context.
-Analyzes contract approval for the most common types of business entities and explains why one entity might be considered optimal in this context.
-Analyzes contract liability for the most common types of business entities and explains why one entity might be considered optimal in this context.
-Analyzes how choosing among the most common types of business entities affects the ability to sell a business, and explains why one entity might be

considered optimal in this context.