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 750-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.Cite a minimum of two peer-reviewed references. Format your paper consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.