When forming a company, the options are sole proprietor, partnership, and corporation. Most choose corporation. Why is
Question:
When forming a company, the options are sole proprietor, partnership, and corporation. Most choose corporation. Why is the corporate form seen to be best? What rights do the stockholders have?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
A Advantages of a Limited company Higher take home pay Youll typically take home around 75 80 of your contract by working through your own limited company you can take home as much as 15000 per year m...View the full answer
Answered By
ZIPPORAH KISIO LUNGI
I have worked on several other sites for more than five years, and I always handle clients work with due diligence and professionalism. Am versed with adequate experience in the fields mentioned above in which have delivered quality papers in research, thesis, essays, blog articles, and so forth.
I have gained extensive experience in assisting students to acquire top grades in biological, business and IT papers. Notwithstanding that, I have 7+ years of experience in corporate world software design and development.
5.00+
194+ Reviews
341+ Question Solved
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Question Posted:
Students also viewed these Cost Accounting questions
-
What special challenges did Stephanie Odegard face when forming a company that imports all its products from a developing country? What form of business organization should Odegard use, and why?
-
Suppose that you are sole proprietor presenting to a group of investors where you are seeking 20 million dollars to raise capital for your manufacturing company. Choose the one form of organization...
-
An individual doing business as a sole proprietor, even when business is done under a different name, remains personally liable for all of the obligations of the sole proprietorship. Alexander, Judge...
-
What functions are normally associated with the production cycle?
-
Using the data in BE22-6 and BE22-10, compute the overhead volume variance. Normal capacity was 25,000 direct labor hours. Data from BE22-10 In October, Derby Company reports 21,000 actual direct...
-
The Conceptual Framework: (a) consists of 4 sections. (b) includes the objective of general purpose financial reporting. (c) defines the elements in financial reports and the qualitative...
-
Calculate \(\frac{4}{9}+\frac{7}{12}\).
-
The comparative statements of Corbin Company are presented below and on page 884. Additional data: The common stock recently sold at $19.50 per share. Instructions Compute the following ratios for...
-
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per Car...
-
Mr B aged 52 years, has earned rupees 75,00,000 out of his business. His ex-wife gifted him a car worth rupees 8 lakh. He spent a total of rupees 20 lakh during a family trip. He won a lottery of 16...
-
Why is cost minimization only part of the equation for a successful warehouse? Does outsourcing the warehouse function give a company more or less control over the logistics function? Why or why not?
-
Articulate key aspects of operations management. Explain why operations management is important to managers in various organizational areas. Please provide specific examples.
-
A friend gives you a copy that he has made of a software program that he purchased. Is this a legal or ethical issue or both?
-
The Conrad-Demarest Model describes the conditions that the authors feel are necessary for an empire, as well as the factors that can lead to its downfall. 1.) How well do each of these empires fit...
-
1- What is the significance of these three matrices regarding their relevance for strategic planning fpr southwest airlines? 2- Describe the key information for each and how information from each...
-
The following is an ANOVA table from fitting a regression model is SAS with three continuous predictors x1, x2, and x3 to a response Y; several parts of the table are missing. The sample size is n =...
-
Please watch the Google Talk on Valuation featuring Aswath Damodoran, Professor of Finance at NYU. What are two things that surprised you about Aswath's presentation. Was there anything learned that...
-
1. A farmer's market is a place where farmers bring their fresh produce to sell to consumers at low prices. Name at least two scarce resources that were probably used to produce the fruits and...
-
Formulate and solve the Markowitz portfolio optimization model that was introduced in Problem 18 using the return data in columns five, six, and seven of Figure 12.17. In this case, nine scenarios...
-
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
-
Determine the CO and CS bond lengths in OCS from the rotational constants B(16Ol2C32S) = 6081.5 MHz, B(16012C34S) = 5932.8 MHz.
-
The wave number of the incident radiation in a Raman spectrometer is 20623 cm-1. What is the wave number of the scattered Stokes radiation for the J = 4 f- 2 transition of 160O2?
-
The rotational Raman spectrum of 19F2 (m (19F) = 18.9984 u) shows a series of Stokes lines separated by 3.5312 cm-1 and a similar series of anti-Stokes lines. Calculate the bond length of the...
-
CHAPTER 3 The Ledger (d) Post the journal entries to the ledger accounts as illustrated i (e) Prepare a trial balance, complete with an appropriate heading. PRACTICE EXERCISE 4 20- Oct. three 1, (a)...
-
On June 30, 2024, Clooney Printers purchased a printer for $50,000. It expects the printer to last for four years and have a residual value of $3,000. Compute the depreciation expense on the printer...
-
13 Inherent risk is O a. Directly, inversely d. Inversely, directly b. Directly, directly O c. Inversely, inversely related to the amount of evidence the auditor will accumulate and related to the...
Study smarter with the SolutionInn App