Title: Compare business structures.
Course: Carpentry III (17003-III) > Section: Focusing on the Carpentry Profession

Comparison should include

- general partnership
- limited partnership
- limited liability partnership (LLP)
- limited liability company (LLC)
- sole proprietorship
- corporation.

Process/Skill Questions:

- What is the easiest business structure to use when starting a business?
- Which business structure exposes you to the least amount of personal liability? What are the benefits and drawbacks of this type of arrangement?
- How are these businesses started? Why is it important to establish and declare a particular structure?

NCCER Core Curriculum: Introductory Craft Skills, 2015

00108-15 Basic Employability Skills

Module Eight (00108-15) provides trainees with guidance related to finding and securing a position in the construction trades. In addition, guidance in the areas of problem-solving and effective interaction with others is offered to help ensure their success in the construction trades.