Suppose that you are sole proprietor presenting to a group of investors where you are seeking 20
Question:
Choose the one form of organization best suited for your manufacturing company and explain why:
• Partnership
• Limited Liability Partnership
• Limited Liability Company (including single member LLC)
• S Corporation
• Franchise
Corporation Outline for the investors which form of organization would be the least suited and why?
Address the following for the investors regarding the corporate form of organization only:
• Summarize for investors what legal liabilities could arise for the Director or officer of that board?
• Explain how you could minimize those liabilities for the Director or officer of that board?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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