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.
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, 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 disadvantages as to taxation, protection from legal
liability and access to capital. Specifically comment on how each
structure is taxed.
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 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
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 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, etc.) you
would use and WHY? You must explain your
decision!