Business structures-sole proprietorship and partnership

Assignment Help Business Law and Ethics

Reference no: EM13768597

Choose Your Business Structure:

1. Sole Proprietorship

2. Limited Liability Company

3. Cooperative

4. Corporation

5. Partnership

6. S Corporation

If you were to start your own business, which business entity structure would you choose? Justify why your chosen structure is the best organizational form.

Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure:

Steps to form
Personal liability for owners
Taxation
Advantages and disadvantages

Reference no: EM13768597

Questions Cloud

Correlation between the amounts of profits and total sales : Is there a positive correlation between the amounts of profits (Dependent Variable) and total sales (Independent Variable) based on the costs of the process of production and distribution?

Customers access the abm terminal to deposit : Consider an automated banking system. Customers access the ABM terminal to deposit or withdraw money or pay bills. TrentMoney wants to set up generic ABMs to cash in on transaction fees.

Compare at least three of the characters of of mice and men : Compare at least three of the characters of Of Mice and Men traits and/or societal representations during this era to how society views these traits today.

What role integration play in the organizational redesign : What role will differentiation and integration play in the organizational redesign for CARE? What teams would you recommend creating to facilitate the success of this redesign?

Business structures-sole proprietorship and partnership : Explain the following business structures: sole proprietorship, partnership, LLC, and a corporation. In your analysis address the following for each business structure: Steps to form

Design a moore machine that performs a parity check : Design (draw the diagram) a Moore machine that performs a parity check on the input string (string of 0 and 1): that is, the output string ends in 1 if the total number of 1-bits in the input string is odd and 0 if the total number of 1-bits in th..

Impacts of climate change on global food production : Discuss any two impacts of climate change on global food production and possible adaptation processes.

Analyze how sales forecast impacts : Analyze how sales forecast impacts all other forecasts for the firm, such as materials, labor, overhead, cash receipts, and disbursements.

Primary means of raising the required additional funds : To expand operations, firms often require more funds than can be generated from operations. These additional funds require a long-term source of capital. There are two primary means of raising the required additional funds: borrowing the funds (bo..

User Account

All Pages