What are the differences between a partnership and a limited liability business organization?

Using the information you have gained from this week’s readings and from your independent research, select one of the questions below to serve as your discussion post. All references and citations are to adhere to APA style and formatting guidelines.

Select one of the following questions:

1. Is it ever a good idea to do business without creating some form of a limited liability business organization?

2. What are the factors to consider when deciding whether to buy into a franchise such as McDonalds?

3. What are the differences between a partnership and a limited liability business organization?