What are the advantages of and disadvantages of changing the company organization from a sole proprietorship to LLC?

Provide an evaluation of the following in a paper:

1. What are the advantages of and disadvantages of changing the company organization from a sole proprietorship to LLC?
2. What are the advantages and disadvantages of changing the company organization from a sole proprietorship to a corporation?
3. Provide, recommendation when a company should move away from a sole proprietorship to another form of business (Please do not use the first person in your recommendation and provide sources)

Support your paper with minimum of five (5) resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: 2-3 pages not including title and reference pages.

Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to University’s Academic Integrity Policy.

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Grading guideline –

• Introduction is attention getting with sufficient background information to establish the topic and a clear thesis statement.
• The conclusion summarizes the main points, and leaves the reader with a strong comprehension of the paper’s significance and the author’s understanding.
• All research is correctly credited with at least 5 sources: Textbook is acceptal source.
• Grammatically correct – No spelling, grammar, or mechanics errors.