Business organizations range from part-time sole proprietorships selling a few hundred dollars per year to publicly traded corporations on the New York Stock Exchange selling billions of dollars worth of products and services to the global marketplace. Regardless of the form of organization, being a successful business owner requires you to know the different forms of business organizations, their characteristics and their advantages and disadvantages. This will also help you to determine what is the best business organization and structure for a particular situation, such as your own business. Keep in mind that even professionals, such as doctors and accountants, find it important to structure their business in a certain way. For this activity, you will have the opportunity to closely analyze the various forms of business organizations by creating a fictional business. You can pick any type of business or industry tha