The first picture is the paragraph that contains the information to answer these 5 questions.
This activity is important because there are Three primary forms of business ownership-sole proprietorship, partnership. and corporation-are the most often used, regardless of whether the business is a traditional "bricks and mortar" company, an online-only one, or a combination of both. A business's legal form of ownership affects how it operates, how much taxes it pays, and how much control its owners have. The goal of this exercise is to demonstrate your understanding of the decisions facing the managers of a small business as it grows Read the case below and answer the questions that follow We have heard of electric cars, but electric bikes? The bicycle industry is finding new ways to be environmentally friendly with the introduction of bikes that allow riders to travel without releasing carbon emissions or even breaking a sweat Electric bikes (e-bikes) are equipped with a motor and battery. With each pedal stroke, the motor provides additional power, allowing riders to pedal without expending as much energy as they do with conventional bicycles. Typical e-bikes have a maximum speed of 25 mph and cost from $ 500 to $ 3,000. E-bikes are more common in bicycle cultures like many in Asia and Europe, but they are also breaking into America. Americans bought 170,000 e-bikes in 2008 and around 200,000 in 2009, and sales are expected to continue to increase. Best Buy even introduced e-bikes in some of its stores. Schwinn has come out with the motto "Save the world without killing your knees" to advertise its line of e-bikes, playing up the e-bike's environmental friendliness and ease of use. Schwinn offers the high-end Tailwind, with batteries that charge in under 30 minutes Other companies are focusing on e-bikes specifically. One such company is Ultra Motor Company Limited, a private corporation and developer of light electric vehicles. Its product, the A2B Metro, can go for 20 miles on a charge. This 100 percent electric vehicle resembles allowing for peaceful commutes. The e-bike could very well be the answer urban commuters are looking for. Its zero carbon emissions make it a good deal for those who care about the environment, those who have a hard time finding parking, and those who simply want to get more exercise. scooter a bicycle. Unlike motorcycles e-bike's motor i If Ultra Motors needs to raise funds to grow the business, they can 5 Multiple Choice Become a sole-proprietorship ces Become a public corporation Sell bonds as an LLC Sell funds as an S-Corporation An advantage to Ultra Motors business formation as a corporation is Multiple Choice Unlimited liability Double taxation Perpetual life Information disclosure A disadvantage of Ultra Motors' competitors business formation as a public corporation is Multiple Choice Perpetual life Double taxation Expansion potential Limited liability Which of the following business formation allows for the most secrecy and lack of public reporting requirements? Multiple Choice Sole proprietorship Putblic corporation Private corporation Limited liability corporation How will Ultra Motors file taxes? Multiple Choice The owners/partners will file profits on their personal tax forms The company will file taxes as a separate entity Private corporations are tax-exempt Taxes are doubled and paid as a separate entity
