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December 23, 2025

Selecting an Appropriate Business Practice Form

There are four options for the business structure of a practice: sole proprietorship, partnership, LLC, and corporation.
Please discuss the advantages and disadvantages of each option.
If you decide to start your own business practice, which form will you select? Why?

USE TWO INTERNAL SOURCE and two external source

Buppert, C. (2020). Nurse Practitioner’s Business Practice and Legal Guide (7th ed.). Jones & Bartlett Learning. https://reader2.yuzu.com/books/9781284229936

Ben-Ner, A., Hamann, D. J., & Ren, T. (2018). Does ownership matter in the selection of service providers? Evidence from nursing home consumer surveys. Nonprofit and Voluntary Sector Quarterly, 47(6), 1271–1295.

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