Business Ownership

melody Ownership Name: ACC/561 August 6, 2012 Instructor: Business Ownership The biggest finale an mortalist can face is with when starting time a origin is selecting the type of blood he has stakes in. Will his cable organisation be a fillet of sole proprietorship, a federation, corporation, or hold in liability company. Each of the quatern business types has many advantages and disadvantages regarding taxes and liability. The individual who wants to start-up the business should take into friendship many factors concerning cost, control, and the amount of riskiness he is willing to assume. bushel Proprietorship is the most super acid type of business. fillet of sole proprietorship is the easiest type of proprietorship and is the easiest to get into and leave. The benefit to a sole proprietorship is cost of start-up is low, proprietor controlled, and profits go to the owner. The tax advantages are the individual is not paying dispel from hi s personal taxes the taxes are generally tear down for the sole proprietor.

The disadvantages of a sole proprietorship are straight-out liability, if the business has unmatched owner the business could close if the owner passed away, and it may be hard to raise capital. If more than one individual join to start up a business, the advantages and disadvantages increase. A union is two or more individuals start a business together. A coalition begins to add more laws and forms. A conduct needs to be drawn up to get before sure each person in the business gets his fascinating share of profits, each person doe s equal influence and understands the fac! ts of the serve agreement. The advantages of acquiring a partnership are additional sources, blowzy to start-up, possible tax advantages, legal entity and could transfer ownership. The disadvantages of a partnership are...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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