Question
In: Economics
2. The three primary forms of business are sole proprietorships, partnerships, and corporations. You are contemplating...
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 and used compact discs.
(b) After a late night cram session, you and your roommate are in need of some pizza, but no restaurants are open. You decide to open an all night pizza parlor.
(c) You have an idea that will make you a billionaire before you graduate from college: a pizza delivery service - from any restaurant to any dorm. In order to make your revenue goal a reality, a local venture capital firm has informed you that you will need to nationally franchise your operation.
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
There are three major forms of business organizations in the United States; proprietorships, partnerships and corporations....
There are three major forms of business organizations in the
United States; proprietorships, partnerships and corporations.
Describe the advantages and disadvantages of each form.
The questions below are about three types of business entities: 1) sole proprietorships; 2) partnerships; and...
The questions below are about three types of business entities:
1) sole proprietorships; 2) partnerships; and 3) corporations (for
federal tax purposes, corporations are referred to as C
corporations or as regular corporations).
1) Define each entity.
2) For federal tax purposes, how is each entity and their owners
taxed?
3) What are some of the advantages and disadvantages of each
entity?
You decide to start a business. Distinguish between sole proprietorships and corporations on the basis of...
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...
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...
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...
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(Canada)
2. extent of government regulation(Canada )
You decide to start a business. Distinguish between sole proprietorships and corporations on the basis of...
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 )
Sole proprietorships (are/ are not) separate taxable entities. Partnerships (are/ are not) subject to the income...
Sole proprietorships (are/ are not) separate
taxable entities. Partnerships (are/ are not)
subject to the income tax. The tax treatment of limited liability
companies usually follows the same tax rules that are applicable to
(C corporations/ partnerships) . The C corporation
(is/ is not) recognized as a separate taxpaying
entity. A C corporation may elect to be taxed as (S
corporation/ a partnership) . Because they follow the
conduit concept as to the treatment of their tax attributes,
(only C...
1- Partnerships and proprietorships generally have a tax advantage over corporations.
Q1- Multiple choice Question and True and False: 1- Partnerships and proprietorships generally have a tax advantage over corporations. a. True b. False 2- If the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the present value of the same series. a. True b. False 3- The primary operating goal of a publicly-owned firm interested in serving its stockholders should be to a. Maximize its expected total corporate income. b. Maximize its expected EPS. c. Minimize the chances of losses. d. Maximize the...
Describe the different forms of business structure (sole proprietor, general and limited partnerships and private and...
Describe the different forms of business structure (sole
proprietor, general and limited partnerships and private and public
corporations). Include the positives and negatives of each form of
business.
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