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Law and Ethics in Business

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I'm having difficulty explaining the difference between a corporation, a sole proprietorship and a limited liability company? I've reviewed Citizens United v. Federal Election Commission 558 U.S. 310 (2010) @ http://caselaw.findlaw.com/us-supreme-court/1518751.html.

I'm also focusing on the First Amendment arguments but cannot find a good argument to express whether a business should have the same First Amendment rights as individuals?

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Solution Summary

First Amendment rights are discussed step-by-step in this solution. The response also has the sources used.

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Step 1

A sole proprietorship is a business that is owned and run by one person. There is no distinction between the owner and the business. For example, if the business incurs debt the proprietor also incurs debt. A corporation is a separate legal entity that has been created through registration and has legal rights and liabilities that are separate from those of the employees. The corporation has legal rights as mandated by the law. A limited liability company combines some of the elements of a partnership and a corporation. The main purpose of a Limited Liability Company is to provide limited liability protection to its owners.

Step 2

In case of Citizens United v. Federal Election Commission, the US Supreme ...

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