You decide to start a business. Distinguish between sole
proprietorships and corporations on the basis of each of the
following
1. taxation of the business and those who receive a
portion of the profits
2. Who is the party listed on contracts entered on behalf of the
business
You decide to start a business. Distinguish between sole
proprietorships and corporations on the basis of each of the
following
1. extent of government regulation
2. transferability of the business
3. termination of the business
You decide to start a business. Distinguish between sole
proprietorships and corporations on the basis of each of the
following
1. Process for creation of the business
2. extent of government regulation
You decide to start a business. Distinguish between sole
proprietorships and corporations on the basis of each of the
following
1. process for creation of the business( Alberta,Canada )
2. extent of government regulation( Alberta, Canada )
2. The three primary forms of business are sole proprietorships,
partnerships, and corporations. You are contemplating starting a
business. For each of the following proposals, explain which of the
three types of businesses would be most appropriate. In each case
describe the advantages and disadvantages of your choice.
(a) You are a music lover and are disgusted with the selection
of compact discs available at the stores near your college. So, you
decide to open up a store selling new...
Many sole proprietorships and small businesses use cash basis
accounting; however, accrual basis accounting is the method of
accounting most corporations and professionals are required to use
by Malaysian Accounting Standards Board (MASB). Explain 4 reasons
why corporations are required to use accrual basis accounting
compared to cash basis accounting.
There are three major forms of business organizations in the
United States; proprietorships, partnerships and corporations.
Describe the advantages and disadvantages of each form.
Why
do you think most businesses are formed as sole proprietorships?
Can any type of business get this deduction if over the
threshhold? Is there a phaseout component where other factors would
come into play?
Although most new firms start out as sole proprietorships, few
large firms are organized this way. Why is the sole proprietorship
such a popular form of ownership for new firms? What features of
the sole proprietorship make it unattractive to growing
firms?
Explain the difference between proprietorships, partnership, and
corporations based on owners, life of the organization, liability
of owners, and legal status?