Describe various forms of business

Assignment Help Business Law and Ethics

Reference no: EM13780243

There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation.

1. Research and provide three advantages and three disadvantages for each business form.

2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file in order to form that business? Discuss at least one of the advantages and one of the disadvantages of that form.

Reference no: EM13780243

Questions Cloud

Effect of evolving technologies on court proceedings : Include key players, jurisdictional rules and interpretation issues, and the effect of evolving technologies on court proceedings at each level. As you cover these ideas, describe where you saw or read about them in the court case

Description of an important problem faced by society : Describe an important problem faced by society today. Provide your own analysis of the problem in terms of each of the elements of thought as defined by Paul and Elder. In addition, explain the three intellectual standards and three intellectual v..

Explain what is strategy-types of production processes : Explain "What Is Strategy?" by Porter (1996) and review the case study Toyota: The Accelerator Crisis (2010) by Greto, Schotter, and Teagarden. Describe the four basic types of production processes. What are the advantages and disadvantages of each?

Qualitative and quantitative analysis issues : List the six major classes of abused drugs, state their biological effects, and provide two drug examples for each class.

Describe various forms of business : There are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation

Transportation sector of national critical infrastructure : On September 11, 2001, terrorists exploited the transportation sector of the National Critical Infrastructure (CI) and illustrated how an attack on CI segments can have a ripple effect on the national economy.

Supply chain strategy is aligned with the overall mission : Choose a company research and explain how the supply chain strategy is aligned with the overall mission statement and organizational objectives. Describe the organization’s mission statement/objectives use these two approaches Lot Size Reduction and ..

Research general and specific guidelines of probation : For this discussion, research general and specific guidelines of probation. Then, identify and define which guidelines would be appropriate for Smith. Support your choices by analyzing the specific correctional goals that you are attempting to ach..

Any pertinent exceptions to the employment-at-will doctrine : Whether you can legally fire the employee; include an assessment of any pertinent exceptions to the employment-at-will doctrine. The primary action(s) that you should take to limit liability and impact on operations; specify the ethical theory that b..

User Account

All Pages