Purchase Solution

Important information about Legal forms of business

Not what you're looking for?

Ask Custom Question

What are the advantages/disadvantages of the different legal forms of business organizations?

Purchase this Solution
Solution Summary

Advantages and disadvantages of legal forms of business

Solution Preview

Sole Proprietorship - The founder and owner of the business are the same.
Advantages
Owner in control
Low start up cost
Freedom from regulation
Owner receives all profits
No business tax
Decision making rapid
Disadvantages
Issues raising capital
Unlimited liability
No continuity as business is terminated on owner's death.

Partnership - A written or ...

Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Basics of corporate finance

These questions will test you on your knowledge of finance.

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.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

View More Free Quizzes
Related BrainMass Solutions

  • Entity Business Plan for Global Computer Consultant

    Global Legal Environment The legal environment is a very important factor in governing the business nature. The Government of a place is responsible for forming the legal environment of a place.

  • Important Parts of a Business Plan

    (j) Legal form: Here the legal form i.e. all the legal matters of the business i.e. weather it is proprietorship or a partnership firm along with its future legal forms are discussed. 4) The marketing part of the business plan: This component of the

  • Business Communications

    323709 Evaluating Business Communications: politically or culturally correct, role of ethics Why is it important to use words or language that is politically or culturally correct when writing business communication?

  • The Legal Aspects of Starting a Business

    In the three different forms, there are also different legal obligations that influence the profit sharing of all involved parties.

  • Introduction to Forms of Business and Formation of Partnerships

    It is especially important that the other investors not be able to expel you from the business or its management. Question #1: What business forms are best for your business?

  • Legal Changes for Small Business Owners

    The information that is available in this source guides to small business owners in regard to the forms of transaction and related laws.

  • Business Law

    Now, moving to the next direction, explanation about the analysis of these identified forms of business statutes has been given.// Types of Business Statutes Business Communication environment is based on some legal acts or statutes that regulate

  • Global Marketing

    . // In this page, we are discussing about the legal and the political aspects of doing business in other countries. It is necessary for organizations to comply with the legal requirements while entering into a new geographical boundary.

  • Global Computer Consultant

    information technology. // Further in this paper we will discuss about the strengths and weaknesses of different business organizations. // Strength & Weakness of the Different Business Organizations A business is designed to provide product

View More Related Solutions