What type of entity should be created for the new business

Reference no: EM132086297

Question: A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings, or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages, provide a clear recommendation to your client.

Reference no: EM132086297

Questions Cloud

Describe the nature of these industries : Describe the nature of these industries and analyze the competitive situation of each using all six forces in Figure 4.3.

What is emotional intelligence : What is Emotional Intelligence? How can emotional intelligence assist employees in the workplace?

Explain difference in demand under two allocation schemes : Explain the difference in demand under the two allocation schemes. Since the demand is declining the CFO is considering closing the internal consultancy.

What was the amount of outstanding checks : Windsor, Inc. wrote checks totaling $33050 during October and $36089 during November. $31420 of these checks cleared the bank in October, and $35255 cleared.

What type of entity should be created for the new business : A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created.

Swot analysis set the stage for strategic planning : How does SWOT analysis set the stage for strategic planning?

What are the budgeted cash receipts from sales : Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted.

Prepare a cost of goods manufactured statement : Winston Manufacturing uses direct labor cost to apply overhead to its production. The budgeted direct labor cost and budgeted manufacturing overhead.

Bags for sacking groceries in chain of retail supermarkets : Associated Grocery Stores (AGS) has always used paper bags for sacking groceries in its chain of retail supermarkets.

User Account

All Pages