Question: Below are the 5 factors do we need to consider in order to choose the right form for our business. Explain how each one affects

Below are the 5 factors do we need to consider in order to choose the right form for our business. Explain how each one affects our decision on which form to use. (one sentence each)

Transferability

Liability

Control

Continuity

Taxation

Step by Step Solution

★★★★★

3.32 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Transferability This factor is related to assessing if the business can be managed ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

How large a sample size do we need to estimate the mean annual income of Native Americans in Onondaga County, New York, correct to within $1000 with probability 0.99? No information is available to...

How many correct experiments do we need to disprove a theory? How many do we need to prove a theory? Explain.

Please explain why do we need to use animal sera in some cell culture applications.

Can you think of change situations within your organization that are more difficult than messy, where the HSMC would be both appropriate and effective? What factors would you need to consider in...

(Market efficiencyreaction to news) In the three graphs below, are the principles of market efficiency violated? If so, which principle and why? Cumin Stock Price Around Dividend Announcement Date...

As a newly appointed Project Manager of a research team, you consider that you will be able to manage the project virtually from your office in London, even though the other six members are located...

=+3. In your opinion, what are the most common factors that managers need to consider in order to select the most appropriate and effective structure? Be as specific as you can and support your...

You perform your job well and get promoted to manage your own virtual, multilingual, multicultural, geographically dispersed team of software engineers. You decide to improve the design of your teams...

3. In your opinion, what are the most common factors that managers need to consider in order to select the most appropriate and effective structure? Be as specific as you can and support your...

You are the owner of Automated Systems, Inc., which sells Apple computers and related data processing equipment. You are currently trying to decide whether to continue selling the Apple computer line...

Let S = $40, = 0.30, r = 0.08, T = 1, and = 0. Also let Q = $60, Q = 0.50, Q = 0.04, and = 0.5. What is the price of a standard 40-strike call with S as the underlying asset? What is the price of...

Discuss some current criticism of administrative agencies and evaluate the validity of this view.

Which of the following may represent an indicator of financial distress due to leverage for the government? a . A positive change in the current ratio. b . Decreasing incidents of revenue shortfalls....

Turner Company ended its fiscal year on July 31, 2012. The company's adjusted trial balance as of the end of its fiscal year is as shown below. Instructions (a) Prepare the closing entries using page...

Easy Decorating uses a job order costing system to collect the costs of its interior decorating business. Each clients consultation is treated as a separate job. Overhead is applied to each job based...

Kelvin Aerospace, Inc., manufactures parts such as rudder hinges for the aerospace industry. The company uses a job-order costing system with a predetermined plantwide overhead rate based on direct...

Wollongong Group Ltd, of New South Wales, Australia, acquired its factory building about 10 years ago. For several years the company has rented out a small annex attached to the rear of the building....

Gary Stevens and Mary James are production managers in the Consumer Electronics Division of General Electronics Company, which has several dozen plants scattered in locations throughout the world....

foraging/diet type teeth tongue stomach intestines cecum Insectivory numerous, spiky, incisors procumbent Example:mole Example:shrew -- simple short mostly lacking Myrmecophagy absent or reduced in...

MKTG 3000 Take Home Midterm Exam #2 (Chapters 10-14) Please draw a diagram and explain following concepts in detail. 1. Fig. 10.1: Elements of Price Planning 2. Fig. 10.2: Pricing Objectives 3. Fig....

Referring to the information of control environment factors below (very important) and the two interviews(YOUTUBE) and according to the case, generate a memo of Alchemy's internal environment based...

Question 2 Deltel Insurance Corporation(DIC) is a new company that was recently registered in Uganda to offer commercial insurance services. The company headquarters arelocated in Kampala. The...

LO6 8-46 Explicit and implicit environmental costs Refer to Case 7-57, which describes Kwik Clean's environmental costs. Required (a) of the costs listed by Pat Polley, identify which are explicit...

Due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a ?trigger?? Consider you are on the strategic planning team for a soft...

Interviewee: Ithink advertising, like news, provides consumers with specific information about products. This information can help consumers choose products, services, brands and so on. Consumers can...