Business Structures Bryan Hossler OPS / 571 October 26, 2015 Kimberly McCarrolle There are three different types of business structures; corporations, partnerships and sole proprietorship (Choose Your Business Structure, 2015). This paper will go over the different types of business structures and their advantages and disadvantages. The general corporation is the most common business structure in the world. It is owned by many stockholders and they may have an unlimited amount of stockholders
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Name and address of the offeror ESL Partners, L.P., a Delaware limited partnership (“Partners”) ESL Investors, L.L.C., a Delaware limited liability company (“Investors”), SPE I Partners, LP, a Delaware limited partnership (“SPE I”), SPE Master I, LP, a Delaware limited partnership (“SPE Master I”), RBS Partners, L.P., a Delaware limited partnership (“RBS”), ESL Institutional Partners, L.P., a Delaware limited partnership (“Institutional”), RBS Investment Management, L.L.C., a Delaware limited liability
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answer implies an admission write a letter to the judge saying that George is mistaken answer George’s complaint by admitting or denying the allegations George has asserted against her 2.) Which of the following is true of The Federal Arbitration Act? It permits an appeal for all arbitration awards. It provides that arbitration agreements are valid, irrevocable, and enforceable. It governs all types of alternative dispute resolution. It applies only to breach of contract disputes. 3.) Which
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difference between the owner and the business. • INCOME TAXES: The taxes are taxed just like any other form of income. • LONGEVITY/CONTINUITY: There is no partnership and when owner dies the business die since they are one in the same. However the assets can be sold. • CONTROL: The owner makes all decisions, there is no partnership therefore no one else to have input. • PROFIT RETENTION: The owner is free to do as they please with all profits. No rules or restrictions. • CONVENIENCE/BURDEN:
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owned and operated by one person. To create a sole proprietorship, you need only obtain whatever licenses, if any, are necessary to begin operations; few legal formalities are required to start, and it is usually less expensive to establish than a partnership or corporation. The sole proprietor, as sole owner of all assets, is entitled to all profits, but must also shoulder all of the venture's liabilities and operational losses. The major sources of funding are the proprietor's personal assets, the
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There are four different major business formation types. First I will discuss the sole proprietor formation, then the general and limited partnership, the corporation formation and then the limited liability company. I will focus on the main advantages and disadvantages of the formations and decide which one would be best for a design firm. A sole proprietorship is similar to a freelancer, in a sense that one person is the boss and has responsibility over everything. They are taxed similarly as
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Collier Date: 12/18/2010 Re: Analysis of Partnership vs. Corporate Form of Business Organization I have examined your situation regarding the establishment of your business. Before discussing my recommendations, I would like to briefly review the advantages and disadvantages of partnerships and corporations. The primary advantages of a partnership over a corporation are: 1. Partnerships are more easily formed than corporations. Partnerships can be formed simply by the voluntary agreement
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liability, Income tax, longevity, government regulations, control, expansion and future of the business and countless other things. In the United States businesses can be organized into one of three basic legal forms. * Sole proprietorship's * Partnerships * Corporations These are further sub divided into different forms. Each form have certain characteristics that set them apart and they also have some advantages and disadvantages. Let’s closely look at all three forms and analyze why one legal
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Table of Contents I.) INTRODUCTORY PRINCIPLES 2 A.) Efficiency and Other Concepts 2 B.) Agency and Partnership Law 2 II.) INTRODUCTION TO THE CORPORATE FORM 16 A.) Formation and Structure 16 B.) Debt, Equity, and Valuation 22 III.) CONTROL OF CORPORATE DECISIONS 32 A.) The Role of the Shareholder 32 B.) Management Obligations 50 1.) Duty of Care 51 2.) Duty of Loyalty 56 3.) Duty of Fairness: Parent-Subsidiary Relationships 63 4.) Duty of Good Faith 64 5.) Management Obligations
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What is a partnership? According to The basic aspect of partnership accounting, “A partnership is an association of two or more people who agree to share in the profits and losses of a business venture. The members of a partnership are called partners.” (Yaacob, 2009). When discussing partnerships, there are three types of partners that need to be considered, a silent partner, limited liability partner, and a general partner. So when entering into the partnership, it needs to be known upfront exactly
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