Purchase Solution

Types of Business Organizations

Not what you're looking for?

Ask Custom Question

What are the three primary forms of business organizations? Describe their advantages and disadvantages from a financial point of view.

Purchase this Solution
Solution Summary

The solution lists the types of Business Organizations and their advantages and disadvantages.

Solution Preview

The three main types of business organizations are: Sole Proprietorship, Partnership and Corporation.

Sole Proprietorship
Features:
- It is the simplest form of business organization.
- This type of business is owned by single individual.

Advantages:
- It is inexpensive to form
- The business avoids corporate income taxes
- All profits flow directly to the owner

Disadvantages:
- It is difficult to obtain large sums of ...

Purchase this Solution
Free BrainMass Quizzes
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.

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.

Motivation

This tests some key elements of major motivation theories.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

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.

View More Free Quizzes
Related BrainMass Solutions

  • What are the types of power found in organizations?

    212185 What are the types of power found in organizations? What are the types of power found in organizations? There are many types of powers found in organizations. I am the original author of the following.

  • Description of Business Organizations

    The difference among these five business organizations can be analyzed by following discussion. //Above, we have discussed about the five types of organizations and these types affect the growth and performance of the company directly.

  • Business Basics - Organizational Theory

    A short presentation is prepared to address types of organizations and organizational theory.

  • Business Law

    The three types of business statutes are the freedom of information act, communication act and telecommunications business act (The Freedom of Information Act, 1996). //Above is the discussion of business statutes and its three types.

  • Corporate Characteristics

    Describe the different forms of business organizations that could be selected as the basis for the business. b. The characteristics of a corporation. c.

  • Select three different companies to evaluate the impact of innovation

    In many instances, these types of organizations utilize innovation to simply survive and stay in business.

  • Types of spontaneous financing

    196981 Types of spontaneous financing What are some types of spontaneous financing that are available to organizations? Which of these types is used by your organization? Is it important for an organization to establish a line of credit?

  • Events and recreation management

    May different types of event planning organizations work together? Explain your answer 2 What are three types of leisure events? Is there a difference in planning for each type? Explain your answer. 3 What are three types of business events?

  • DSSs in Modern Organizations, Transaction Processing Systems

    630647 DSSs in Modern Organizations, Transaction Processing Systems - Discuss why transaction processing systems cannot have downtime. - Discuss different types of MIS reports. Who typically uses each report and why?

View More Related Solutions