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Answer the 6 discussion questions below. 1. Discuss the advantages and disadvantages of an S-Corporation. ? 2. What are the main characteristics of an LLC?

Answer the 6 discussion questions below.

1. Discuss the advantages and disadvantages of an S-Corporation. ?

2. What are the main characteristics of an LLC? Discuss the main advantages of an LLC over an S-Corp.

3. Identify the four important considerations/strategies in recruiting and assembling an effective team and organizational culture outlined in the text.

4. Discuss the six main functions of a board of directors.

5. How can a board of directors or board of advisors be used to support the management of a new venture?

6. What difficulties may arise when owners are reluctant to delegate or give up responsibility?

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