Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Consider each of the following four forms of business organizations: sole proprietorship, partnership, limited liability Company, and S corporation. Discuss only these four forms. When

Consider each of the following four forms of business organizations: sole proprietorship, partnership, limited liability Company, and S corporation. 

Discuss only these four forms.  When discussion partnerships, distinguish between "Limited Partnerships" and "General Partnerships" and discuss how liability and capital investment works in those two different types of partnerships. Develop a scenario for each of these for a business where it would be the appropriate form of business organization.  For each scenario, explain the type of business and what its product or service would consist of.  For each type of business, explain the benefits/disadvantages of taxation on the business managers, owners, and investors; the liability for contracts entered into by the business, and torts committed by employees, the complexity of the reporting requirements, and the ability to bring in more investors or wind-down/dissolve the business.

Step by Step Solution

4.29 Ratings (7 Votes)

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones of Cost Management

Authors: Don R. Hansen, Maryanne M. Mowen

3rd edition

978-1285751788

More Books

Students also viewed these General Management questions