Corporation versus LLC
Not what you're looking for?
What are the differences between corporation and a LLC? Discuss the advantages and disadvantages of each.
Purchase this Solution
Solution Summary
The problem outlines the variuos advantages and disadvantages associated with the corporate and LLC forms of business.
Solution Preview
A corporation is a more formal business arrangement whereby a firm is broken into a number of shares, and the shares are bought and owned by the owners (shareholders). The corporation is treated as a separate entity and can own property, enter into contractual agreements, and must pay taxes.
An LLC is, essentially, a partnership that has the limited liability benefit found in the corporate form of business. The LLC is not a separate entity.
Advantage of corporations include the ability to raise capital and the limited liability to owners. To raise ...
Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media