Please reply to the following messages: 1."I think corporations have the ability to be such a dominant institution in the global economy because of the franchising aspect. Corporations have the financial resources and have created an almost foolproof way of managing their business. By having a complete plan on how to manage their businesses, it allows for them to open up franchising options to willing partners and expand their business globally."

2. "Expanding upon a point that many people brought up in this discussion, I think that the liabilities involved are a major aspect within businesses - and can be a deciding factor when individuals decide whether or not to incorporate their business. By essentially allowing your business to become a separate entity/individual from yourself, business stockholders can avoid the risks of losing personal assets. However, I can empathize with those who decide to settle for sole proprietorships and partnerships - because oftentimes, people run their businesses casually with little to no risk. After all, it is much easier to terminate a business when it is a sole proprietorship/partnership as opposed to a corporation.

In addition, an interesting point brought up in the textbook was the many conflicts involved in partnerships such as division of profits and level of management - ideas that I hadn't thought of previously. I can imagine how corporations can evade these conflicts and difficulties through written legal agreements. "

*You can agree/disagree or add more information