1. What are the advantages and disadvantages of running the business as a sole proprietorship? As a...

Question:

1. What are the advantages and disadvantages of running the business as a sole proprietorship? As a C corporation?
2. If Freeman decided to incorporate his business, which types of corporations could he form? Which type would you recommend? Why?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Small Business Management Launching & Growing Entrepreneurial Ventures

ISBN: 978-1133947752

17th edition

Authors: Justin Longenecker, William Petty, Leslie Palich, Frank Hoy

See More Books

Question Posted: Jan 14, 2015 09:31 AM

See More Questions

A research firm tracks the average highway speed of 30 drivers driving home on Day 1. For the next 10 days, the drivers are given two cups of coffee 1 hour before the drive home. On the 10th day, the...
What are the advantages and disadvantages of corporations issuing bonds compared with issuing stock?
What are the advantages and disadvantages of stretching payables? If you owned your own business, would you do it? Why or why not?
Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 60 stock mutual fund shares ($ 40 per share) and long term capital gain distributions of 45 stock mutual...
Write the condensed structural formula of 2,5-dimethyl-2-heptene.
Shoney Video Concepts produces a line of video streaming servers that are linked to personal computers for storing movies. These devices have very fast access and large storage capacity. Shoney is...
Consider the soft drink delivery time data in Example 3.1. Example 3.1 a. Find the simple correlation between cases $\left(x_{1} ight)$ an distance $\left(x_{2} ight)$. b. Find the variance...
A study was made on the amount of converted sugar in a certain process at various temperatures. The data were coded and recorded as follows:(a) Estimate the linear regression line.(b) Estimate the...
The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Preferred 2% Stock, $75 par (40,000 shares authorized, 20,000 shares issued)...
You are given the attached information about Fred pic, comprising summarized P&L accounts, summarized balance sheets and some suggested ratio calculations. You should note that there may be...
1. How relevant are the individual personalities to the success of this entrepreneurial team? Do you think Starnerand Eckols have a chance to survive a potential partnership? Why or why not? 2. Do...
1. Would you accept the investment and the conditions that go along with it, or refuse it and go a different direction? 2. Can one outside member on a board of three make any real difference in the...
Fundamentals explain less of the variation in TRS than in market-valuet-o- book-value or market-value-to-earnings ratios (as measured by the R2 shown in Exhibits 15.7 and 15.10). This holds true even...
Compare and contrast odds and probability.
Use the following tree diagram to answer the questions in Problems 25-30. Find $P\left(\bar{D} \mid A_{2}ight)$. A A2 A3 D D D D D D Path number 1 2 3 4 5 6
Show that the odds against an event $E$ can be found by computing $P(\bar{E}) / P(E)$ .
Find the probability that a family of six children has 4 boys and 2 girls.
Suppose events A, B, and C are independent and \[P(A)=\frac{1}{2} \quad P(B)=\frac{1}{3} \quad P(C)=\frac{1}{6}\] Find the probabilities in Problems 5-12. a. $P(A \cup B)$ b. \(P(\overline{A \cup...
Silane, SiH 4 , reacts with O 2 to give silicon dioxide and water: A 5.20-L sample of SiH 4 gas at 356 mm Hg pressure and 25C is allowed to react with O 2 gas. What volume of O 2 gas, in liters, is...
(a) How far away can a human eye distinguish two ear headlights 2.0 m apart? Consider only diffraction effects and assume an eye pupil diameter of 5.0 mm and a wavelength of 550 nm. (b) What is the...
The data file freddiel contains a monthly housing price index for the price of houses in Beckley, West Virginia (BEKLY), and the monthly value of Australian exports to China (XCHINA), from 1988M1 to...
Why is it important to control the changes made to project documents? How can you achieve effective control?
Describe what is meant by the term collaborative communication tools and provide a list of some of these tools. How can these tools help improve project communications?
1. What are some of the communication problems? 2. What should Cathy do? What should Cathy do? 3. How could Cathy and Joe have handled this situation better? Cathy Buford is the design leader on a...
Zach Ltd. produced the following data for the year 2015 - o Interest Income $4,650,000 o Capital Gain realized $50,000 o Dividend Income from company's 15% ownership in XYZ Ltd. $65,000 o Corporate...
A project requires an increase in net working capital of $150,000 at time 0 that will be recovered at the end of its 10 year life. If the opportunity cost of capital is 8%, what is the effect of NWC...
A firm is 40% financed by debt with a yield-to-maturity of 8.5%. The equity has a beta of 1.3, the market risk premium is 8.4% and the risk-free rate is 3.8%. What is the firm's WACC if the tax rate...

1. What are the advantages and disadvantages of running the business as a sole proprietorship? As a...

Question:

Step by Step Answer:

1 Matthew Freeman must decide whether to remain organized as a sole proprietorship or incorporate his business Because he is already operating as a sole proprietorship this would place the least admin...View the full answer

Small Business Management Launching & Growing Entrepreneurial Ventures

Students also viewed these Management Leadership questions