Analysis of Business Organizations
Not what you're looking for?
Examine the different type of business organizations - including advantages and disadvantages of each. Include in the analysis taxation issues related to each and the steps needed for dissolution.
Purchase this Solution
Solution Summary
This answer examines the different type of business organizations - including advantages and disadvantages of each. Included in the analysis are taxation issues related to each and the steps needed for dissolution. The business organizations examined include:
Sole Proprietor
Partnership
LLP and LLC
Corporation
Solution Preview
ADVANTAGES - SOLE PROPRIETOR
?A sole proprietor has complete control and decision-making power over the business.
?Sale or transfer can take place at the discretion of the sole proprietor.
?No corporate tax payments.
?Minimal legal costs to forming a sole proprietorship.
?Few formal business requirements.
DISADVANTAGES - SOLE PROPRIETOR
?The sole proprietor of the business can be held personally liable for the debts and obligations of the business. Additionally, this risk extends to any liabilities incurred as a result of acts committed by employees of the company.
?All responsibilities and business decisions fall on the shoulders of the sole proprietor.
?Investors won't usually invest in sole proprietorships.
A sole proprietorship would be ideal if you wanted to go into business alone.
ADVANTAGES - PARTNERSHIP
? You have a shared financial commitment.
? You can pool resources, expertise, and strengths.
? There are limited startup costs.
? There are few formalities ...
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
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.
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.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.