Purchase Solution

Explain the benefits of a proprietorship as compared with a

Not what you're looking for?

Ask Custom Question

Explain the benefits of a proprietorship as compared with a LLC.

I would choose proprietorship as the business structure, if I were to set up an own Certified Public Accounting (CPA) practice. I know the benefits about cost, taxes, and sharing the profits with anyone.

Explain what are others benefits to chose proprietorship as the business structure.

Purchase this Solution
Solution Summary

Explain the benefits of a proprietorship as compared with a LLC.

I would choose proprietorship as the business structure, if I were to set up an own Certified Public Accounting (CPA) practice. I know the benefits about cost, taxes, and sharing the profits with anyone.

Explain what are others benefits to chose proprietorship as the business structure.

Solution Preview

Explain the benefits of a proprietorship as compared with a LLC.

I would choose proprietorship as the business structure, if I were to set up an own Certified Public Accounting (CPA) practice. I know the benefits about cost, taxes, and sharing the profits with anyone.

Explain what are others benefits to chose proprietorship as the business structure.

One of the main benefits of having a proprietorship is that you can basically invite anyone to join with you, in which case you would ...

Purchase this Solution
Free BrainMass Quizzes
Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

View More Free Quizzes
Related BrainMass Solutions

  • Comparative Benefits of an LLC

    397374 Comparative Benefits of an LLC Match the following entity forms with the additional benefits offered by a limited liability company (LLC) compared with the entity form.

  • Evaluate the following scenario and determine why the particular form of business organization should be used

    At present, Conway's business operates as a sole proprietorship. Should Conway continue to operate his business as a sole proprietorship? Should he operate his business as a partnership? Explain why or why not.

  • Operation Plan for Sole Proprietorship in Service/Manufacturing

    In addition to this, obtaining approval of the sole proprietor business with one man operating may be considered as a limited in terms of benefits approval or programs approval compared to the partnership business or corporations (Sole proprietorship,

  • Choosing an Appropriate Business Ownership Model

    Explain the advantages and disadvantages of your selection and why your answer is best. Buddy should set his handyman business as a limited liability company (LLC).

  • Business entities & Types of Businesses

    This option provides protection to personal assets, which a sole proprietorship and partnership do not. This type of business organization allows the proprietor to get some benefits of both a corporation and sole proprietorship.

  • The Optimal CPA Business Structure

    One of the greatest benefits of the proprietorship is that it is a business structure that can be set up at very low-cost, and cost-effectiveness is a very important part of any business.

  • Advantages and Disadvantages of Sole Proprietorship

    It must be registered to the applicable state agency and its cost of formation is much more than a sole proprietorship firm. An LLC require more time, effort and money as compared to sole proprietorship firm.

  • type of business organization

    from deceptively similar business names Disadvantages Compared to Corporations and Partnerships, Sole Proprietorships cannot take advantage of certain fringe benefits afforded by the Internal Revenue Code Business terminates upon death of

  • LLC versus a proprietorship

    197784 LLC versus a Proprietorship Identify one tax or nontax advantage of operating a business as a single-member limited liability company rather than as a sole proprietorship.

View More Related Solutions