Explaining the Components of a Report, Recommendations and Justification

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http://www.nolo.com/legal-encyclopedia/how-sole-proprietors-are-taxed-30292.html

The candidate does not have a subheading for each business form with the required information.
A1a. Sole Proprietorship
Control, profits, liability are described. Please clarify or discuss three of the following: taxation, longevity, location or convenience.

Taxation in a sole proprietorship requires for the sole proprietor to report all business income or loses on personal income tax returns as the business itself isn't taxed separately by the IRS.

Convenience or burden: Sole proprietorship may require that you pay higher income taxes because of the fact that you report business income on your personal tax returns. This can be burdensome depending on the individual businesses' circumstances.

Sole proprietorships doesn't possess longevity and has a limited lifespan because it ceases to exist if the business owner dies or decides to sell the business to another owner. Therefore, it's difficult for Sole Proprietorships to possess longevity.
http://smallbusiness.chron.com/define-sole-proprietorships-4458.html

A1b. General Partnership
Profits and liability are described. Please clarify or discuss four additional characteristics of a general partnership: control, longevity, taxation, location or convenience.

For General Partnerships the type of partnership will have a determination on the longevity of the business as three different forms of partnership exist to help the business owner choose the most appropriate form of general partnership for their individual business. Joint Tenancy, Tenants in Common, and Tenancy by entirety are the three forms of general partnership.

Control: There is 50/50 control and each partner shares 50% of the control if there are 2 partners. They also will have equal voting rights on decision-making for the ...