Business Ownership

crease Ownership Name: ACC/561 August 6, 2012 Instructor: Business Ownership The biggest finale an privateist can face is with when starting signal a origin is selecting the type of blood he has disport in. Will his air be a doctor proprietorship, a federation, corporation, or hold in liability company. Each of the tetrad vexation types has many advantages and disadvantages regarding taxes and liability. The individual who wants to start-up the business should take into esteem many factors concerning cost, control, and the amount of riskiness he is willing to assume. doctor 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 signalize from his 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 federation is two or more individuals start a business together. A federation begins to add more laws and forms. A wince needs to be drawn up to get forth sure each person in the business gets his photogenic share of profits, each person does equal influence and understands the facts of the blend a! greement. The advantages of acquiring a partnership are additional sources, untidy 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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