Question

In: Finance

Explain in detail the difference between "Partenrship" and "Corporation" as used in the construction industry and...

Explain in detail the difference between "Partenrship" and "Corporation" as used in the construction industry and give at least 2 construction companies with each form of business ownership.

Solutions

Expert Solution

Corporations. offer .self-employment .tax savings, With a. corporation, only. salaries (and not profits) are. subject. to such .taxes. This. can. save. you .thousands. of dollars. per year. Corporations. have. continuous. life. Unlike. a partnership, a .corporation. does .not. expire upon. the death. of its. shareholders, directors. or officers. Corporations make. raising .money .easier.A corporation. has many .avenues to. raise .capital. It can. sell. shares. of stock. and create. new types. of. stock, such. as .preferred. stock, with. different. voting or profit characteristics. Plus, investors can. rest assured. knowing .they. are not personally. liable for. corporate. debts. Transferring. the ownership. interests. of .a .corporation. is. easier. Ownership. interests in .a corporation. may be. sold to. third parties. without disturbing. the. continued. operation of. the business. A. partnership, on the. other. hand, cannot. be sold. whole. examples-Skyline. Contractors (Corporation),cartwheel. construction (partnership).

Please like


Related Solutions

1. What is the difference between primary and secondary succession? Explain in detail.
1. What is the difference between primary and secondary succession? Explain in detail.2. How does the Biomass Accumulation Model describe succession of ecosystems following disturbances?
describe the difference between periodic and perpetual inventory systems. Explain in detail
describe the difference between periodic and perpetual inventory systems. Explain in detail
what criteria are used to identify markets? what js the difference between an industry and a...
what criteria are used to identify markets? what js the difference between an industry and a market? for each of the following industries, state what market structure characterizes the industry and justify why you think it is that market structure: a) corn on the cob , b ) soft drink manufacturers, c) Dentists, d) cable television , e) Pizza answer with your own word ( 200 words )
Explain in detail 1. What is the difference between quantity demanded and demand? Explain the factors...
Explain in detail 1. What is the difference between quantity demanded and demand? Explain the factors that change the demand. 2. What is the relationship between the bowed out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced?
Explain in detail the difference between the way the accountants calculate business profits and the way...
Explain in detail the difference between the way the accountants calculate business profits and the way the economists do.
Explain relation between USA and Canada in steel industry under USMCA agreement in detail.
Explain relation between USA and Canada in steel industry under USMCA agreement in detail.
Relations between USA and Canada in automobile industry under USMCA agreement. Explain in detail.
Relations between USA and Canada in automobile industry under USMCA agreement. Explain in detail.
Explain the difference between a coop, a condo, and a house. Also, detail three different types...
Explain the difference between a coop, a condo, and a house. Also, detail three different types of mortgages and explain which type of real estate and mortgage would be best for you. What are your 5- and 10-year goals that will get you closer to achieving your goal of homeownership? Be specific and use actual numbers reflecting the current market state and your financial plan.
explain in detail what is the difference between activity based costing and activity based budgeting.
explain in detail what is the difference between activity based costing and activity based budgeting.
Please explain the difference between monetary policy and fiscal policy AS detail as possible Thanks
Please explain the difference between monetary policy and fiscal policy AS detail as possible Thanks
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT