1. In this case yes partnership was the answer. Microsoft was not always as focused on corporate citizenship as it is today. They had a negative imagine of being an unstoppable power buying up everything in their path. So when the Kosovo crisis came to be 1999 Microsoft stood to not only offer help to thousands of suffering people, but to also improve the company’s imagine. These partnerships succeed in doing just that. When both partners stand to gain for the partnership, as they do in this case
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Study Notes for Exam Ch 1. Advantages and disadvantages of the different forms of organization. The difference between partnerships and corporations. Also read about agency conflicts. Forms of business Proprietorship Advantages * it is easily and inexpensively formed * it is subject to few government regulations, and * its income is not subject to corporate taxation but is taxed as part of the proprietor’s personal income. Disadvantages * it may be difficult for a proprietorship
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Sole Proprietorship A sole proprietorship is a business that is owned by one person. This person may operate the business or he/she may contract the work out to another individual. The owner makes all the decisions concerning the business regardless of who actually performs the work. The limitless and peerless accountability is one of the key characteristics of the sole proprietor. Advantages of a sole proprietorship Some of the advantages of a sole proprietorship are the simplicity and autonomy
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Sole-Proprietorship, Partnership, and Corporation. She will then take the information given to her and make a decision on the scenario given to her. The scenario states that she is an inventor with no financial or management skills but would like to bring her product out in the world, out of the three business entities, which one should she pursue? Structures of Business As businesses come and go, there are three main entities that got them started, Sole-Proprietorship, General Partnership, and Corporation
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Legal Forms of Business Introduction The different forms of business include sole proprietorship, partnership, limited liability company, S corporation, franchise and corporate form. However, depending on the type of business and the number of individuals involved in starting the business can determine what the best form of business to suit the organization. The advantages and the disadvantages must be weighed and thought out carefully in order to minimize risks and possible
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business and being their own boss calling all the shots. Before starting a business, entrepreneurs must think about what kind of business they want to start and under what Forms. The different kind of forms to consider is sole proprietorship, partnership, corporation, and franchise. Each form is tailored to certain kind of business and knowing the details of each will enhance the business strategy. Sole proprietorship: This form of business structure is mostly used by someone who owns
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property to the partnership. This would generate a capital loss if sold by the contributing partner rather than contributed to the partnership. The amount of the loss may not exceed the capital loss the contributing partner would have recognized had they sold the property on the contribution date. b) The other option that the partner has is to sell or lease the property to the partnership or they can sell the property to a third party who can then contribute the property to the partnership. c) The
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American InterContinental University FINA-310-1301A-02: Professor Michael James February 12, 2013 The three forms of business organizations are sole proprietorship, partnership, and a corporation. A sole proprietorship is a business that is owned by only one person. This is the easiest and less complicated type of business due to the fact that not a lot of paperwork is required. The biggest advantage of this type of business is that the individual who owns the business makes all of
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L. Kuhn American Intercontinental University Abstract An inventors has an invention in which he believes will be successful, but he does not have the funding to get it to the market on his own. The three types of business: proprietorship, partnership, and corporation, their advantages and disadvantages are covered in detail in this paper, as well as a brief definition of each. Brief Interpretation of the Scenario The problem in this scenario is the individual that invented it believes that
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proprietor could lose everything they have to pay the debt. These are easy startups in almost any state with just a business license. When the owner retires or decides to do something else the business is finished. General Partnerships These are unincorporated partnerships where two or more co-owners carry on business for profit. Each co-owner is considered a partner. This organization is risky especially if the group of owners is large and they do not know each other. Each partner is personally
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