Assume you and your friends are going to start a business. Should you organize as a sole
Question:
Assume you and your friends are going to start a business. Should you organize as a sole proprietorship, partnership, or corporation? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
The choice of business entity depends on a variety of factors including the number of owners liability concerns tax considerations and the level of co...View the full answer
Answered By
Tejaswi Kopparapu
Through my training and programming, I have developed the ability to provide clear and concise explanations, offer examples and analogies, and adapt my responses to match the individual learning styles and levels of my users. I have access to a vast database of knowledge and resources that I can draw upon to provide comprehensive and accurate information.
Furthermore, I can offer interactive learning experiences such as quizzes, exercises, and simulations to help reinforce concepts and provide hands-on practice.
Overall, while I may not have hands-on experience as a traditional tutor, I am proficient in providing educational assistance and support to individuals seeking academic help.
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
Question Posted:
Students also viewed these Business questions
-
Assume that you are going to start a small business of your own. Describe the business and discuss the following: What costs you would incur? What competition you might experience How you would...
-
You and four of your closest friends have decided to start a business that will purchase from banks and other financial institutions high-risk, subprime mortgage loans that are in default. You...
-
Claire, Davain, Jackson are friends from university who decided to start a business to manufacture and sell everyday carry items for the Urban professional. The goods would resemble everyday carry...
-
The cost formula for the maintenance department of Rainbow, Ltd., is $19,400 per month plus $7,70 per machine hour used by the production department. Required: a. Calculate the maintenance cost that...
-
Modify the Pigskin spreadsheet model in the following way. Assume that the timing of demand and production are such that only 70% of the production in a given month can be used to satisfy the demand...
-
Consider the Executive Summary as the Abstract for your portfolio. It may be the focal point during your employment review. Discuss how to prepare the Executive Summary. What are the important items...
-
Compressed air at \(p=20\) atm enters a \(20-\mathrm{mm}\) diameter tube at \(T_{m, i}=20^{\circ} \mathrm{C}\) and a mass flow rate of \(\dot{m}=6 \times 10^{-4} \mathrm{~kg} / \mathrm{s}\). The air...
-
John's Custom Computer Shop (JCCS) assembles computers for both individual and corporate customers. The company is organized into two divisions: Personal and Business. Once a computer is built, it is...
-
Give specific examples from "Strategic HR at Netflix" that illustrate the fundamental differences between traditional and strategic human resource management. Online movie rental subscription service...
-
On January 1, 2010, Innovus, Inc., acquired 100 percent of the common stock of ChipTech Company for $670,000 in cash and other fair-value consideration. ChipTechs fair value was allocated among its...
-
How is income measured using the accrual basis of accounting?
-
What is limited liability? Is it desirable? Why or why not?
-
In Exercises 116, divide using long division. State the quotient, q(x), and the remainder, r(x). 3x - 2x + 5 x-3
-
Jada ( age 5 3 ) and Elijah ( age 6 0 ) are married, and both are self - employed. In 2 0 2 3 , they participate in a health insurance plan with a $ 3 , 0 0 0 annual deductible and out - of - pocket...
-
SR Inc. has bonds with semi-annual payments. The bonds have 8 years to maturity and are currently priced at $990. At this price, the yield to maturity on the bonds is 9.2%. The par value of the bonds...
-
Topics: Choose one of the topics below for your assignments 2A, 2B and 3 to fix the organisation's communication issues: A. Using social media in the workplace to communicate internally with staff B....
-
The payoffs can be any real numbers. Suppose that you add the same constant to each payoff. What happens to the results under any of the decision strategies
-
Imagine you have identified bruising to the arm of one of your clients. Give three different possible organisational methods for dealing with this situation.
-
What are the various steps in the communication process?
-
Distinguish among total-moisture content, free-moisture content, equilibrium-moisture content, unbound moisture, and bound moisture.
-
For each of the following items (A L), indicate on which financial statement you would expect to find it and briefly explain why. 1. Income statement 2. Statement of cash flows 3. Balance sheet A....
-
Refer to P1.8. For any item on the balance sheet determine whether it is a current asset, a long-term ( noncurrent) asset, a current liability, a long- term ( noncurrent) liability, or an owners...
-
Farwell Company has the following information available from its most recent fiscal year. Use the relevant information to determine the net income (loss) for the period. A. Cash sales, $ 40,000 B....
-
II. Use graphing paper to graph the solution set of the following system of linear inequalities. Use this Linke 1.)x+3y <9 and2x+y6 2.) 4x+y16and 3x + 4y 12 3.) 5x+3y15and4x + 7y < 28
-
Although there is no one, single model for a strong organizational culture, there are some common characteristics that indicate how healthy a company's culture is. These indicators can be reflected...
-
Electrical power is transmitted across long distances through cables strung from one support to another. The wires are usually made of many smaller wires wrapped into a flexible bundle. For example...
Study smarter with the SolutionInn App