1. Explain the difference between a corporation, a sole proprietorship and a limited liability company. What are the pros and cons of each for business? Is one type of organization more suited to a small business -vs a large business? What factors would you consider in choosing the type of business organization?
2. Further, read the U.S. Supreme Court case in Citizens United v. Federal Election Commission, 558 U.S. 310 (2010), listed in your required readings. (You are preparing a case brief of this case in this week’s Assignments.) A copy of the case opinion is also in Classroom RESOURCES/Week 2 folder. Focus on the definition of “person” and the First Amendment arguments. What are they? What type of business organization is Citizens United? Should a business have the same First Amendment rights as individual humans?