10 Jun Purpose of AssignmentThe purpose of this assignment is to help

Purpose of AssignmentThe purpose of this assignment is to help students gain a better understanding of the importance of the appropriate legal business categories and financial statements as a key management tool for making decisions. Assignment StepsDevelop a 1,050-word evaluation describing business structure and financial statements, including the following:  Identify and describe the legal categories of a business organization contrasting tax-related advantages and disadvantages. Next, using your entrepreneur skills, consider starting your own business. What business structure would you choose and why? Discuss financial statements for the chosen business structure, then explain with specific examples from the University Library, how these would help you make decisions about your business. Please note that a paper of this nature requires both an Introduction and Conclusion.Cite at least two academic sources in your paper with one being from our textbook – and utilize the University Library when practical. Be certain to include both in-text citation work and formal references supporting them.Format your paper consistent with APA guidelines. Please note that Title Pages and References do not count toward word count requirements. See the sample formatting template and reference page provided below or visit the Center for Writing Excellence (CWE). Please remember that all formal papers in this class should be formatted in a similar way and remember to avoid first or second person in your writing.