Concepts Within Business and Entrepreneurial Issues
Not what you're looking for?
1. Explain how you understand the advantages and disadvantages of the alternative legal forms for organizing a new venture to be.
2. Explain and compare the S corporation and limited liability company as alternative forms of incorporation.
3. Explain how you understand what difficulties may arise when owners are reluctant to delegate or give up responsibility.
4. Describe how you understand the role of budgets in preparing pro forma statements.
5. Describe the application and calculation of the break-even point for the new venture.
6. Describe why positive profits can still result in a negative cash flow.
Purchase this Solution
Solution Summary
The solution discusses concepts within business and entrepreneurial issues.
Solution Preview
1. I essentially understand the advantages and disadvantages of the alternative legal forms for organizing a new venture due to the fact that some of the legal forms offer an equitable amount of risk to all of the individuals involved. Others legal forms for organization present situations where one or more of the individuals or organizations involved in the agreement may take on a greater level of risk. Some of the alternative legal forms for organization offer the means by which one individual will be able to gain all of the benefits from the venture, and subsequently assume all risk involved in the venture. Certain legal forms for organization offer tax advantages that are greater than other forms as well.
2. The S corporation differs from the LLC in that the S corporation is a legal form of organizing where the only corporation income is subject to implement tax or the payments or salaries paid to the owners and employees within the corporation. In addition, there are a limited number of shareholders allowed in an S Corporation (75), and profits are ...
Education
- Criminal Justice, Elizabeth City State University
- Master of Public Administration, North Carolina Central University
Recent Feedback
- "Excellent work, from the time of my post to the time I received a response was days ahead of my requirements. "
- "Great, Thank You for our Help!!"
- "Excellent, thank you "
- "Thank you"
- "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
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.
Basics of corporate finance
These questions will test you on your knowledge of finance.