The three main forms of legal business structures are; a sole proprietorship, a partnership, and a...

The three main forms of legal business structures are; a sole proprietorship, a partnership, and a corporation. Discuss the advantages and disadvantages of each form.

Solutions

Expert Solution

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

The three main forms of legal business structures are; a sole proprietorship, a partnership, and a...

The three main forms of legal business structures are; a sole proprietorship, a partnership, and a corporation. Discuss the advantages and disadvantages of each form. no plagiarism and also 200 words and no images thanks

* Forms of business organizations Businesses can be classified into the following forms: sole proprietorship, partnership,...

* Forms of business organizations Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company (LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics would apply to a partnership? Check all that apply. - Subject to unlimited personal liability - Income is allocated on a pro rata basis - Can easily raise large amounts of capital - Taxed at individual level - Chartered by a state...

Define the three basic business organization structures (sole proprietorship; partnership; and corporation) and discuss advantages and...

Define the three basic business organization structures (sole proprietorship; partnership; and corporation) and discuss advantages and disadvantages as to taxation, protection from legal liability and access to capital. Specifically comment on how each structure is taxed.

sole proprietorship, partnership and the corporation. Compare and contrast the three forms including the plusses and...

sole proprietorship, partnership and the corporation. Compare and contrast the three forms including the plusses and minus’ of each form.

What are the four primary disadvantages to the sole proprietorship and partnership forms of business Page 19organization?

2. Sole Proprietorships and Partnerships. What are the four primary disadvantages to the sole proprietorship and partnership forms of business Page 19organization? What benefits are there to these types of business organization as opposed to the corporate form?3. Corporations. What is the primary disadvantage of the corporate form of organization? Name at least two of the advantages of corporate organization.4. Corporate Finance Organization. In a large corporation, what are the two distinct groups that report to the chief financial officer?...

Forms of Business Organization Sole Proprietorship Partnership Corporation If you had the opportunity to start an...

Forms of Business Organization Sole Proprietorship Partnership Corporation If you had the opportunity to start an entirely new Business Organization, which of the three forms of Business Organizations listed above would you choose? Please discuss why you chose the form of Business Organization you selected, the "positives" and "negatives" associated with your choice, and reasons why you did not choose one of the other two forms of Business Organizations. Write 250 Words

Explain the forms of business organization: 1- Sole proprietorship: 2- partnership: 3- corporation:

Compare and contrast among sole proprietorship, general partnership, and corporation forms of business by listing and...

Compare and contrast among sole proprietorship, general partnership, and corporation forms of business by listing and discussing TWO (2) advantages and TWO (2) disadvantages of each.

Compared with the sole proprietorship and partnership forms of business organization, the corporate form generally faces...

Compared with the sole proprietorship and partnership forms of business organization, the corporate form generally faces with ________ difficulty in raising capital and transferring ownership, ________ taxation, and _______ agency problems. a. Less; Less; More b. Less; More; Less c. Less; More; More d. More; More; Less e. More; Less; More

Explain what is your business and then tell us what legal structure (sole proprietorship, partnership, LLC,...

Explain what is your business and then tell us what legal structure (sole proprietorship, partnership, LLC, etc.) you would use and WHY? You must explain your decision!

Subjects