What are the three basic legal forms of organizing a business? What are the advantages and disadvantages

Question:

What are the three basic legal forms of organizing a business? What are the advantages and disadvantages of each? What business form do most start-up companies take? Why?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Corporate Finance Core Principles and Applications

ISBN: 978-0077905200

3rd edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford

See More Books

Question Posted: Oct 01, 2015 06:57 AM

See More Questions

What are the three basic forms of business organizations for profit-oriented enterprises?
What are the three basic forms of business organizations?
What are the three basic forms of business organization discussed in this chapter?
Please help Gary earned $ \$ 97,000 $ as an executive. Gary, who is single, supported his half sister, who lives in a nursing home. His half sister had no income during the year. Gary received the...
Arcade Systems Ltd. had the following account balances on October 1, 2015: Accounts Receivable, $132,304; Allowance for Doubtful Accounts, $(8,350). Arcade Systems completed the following selected...
How can you recognize first, second and third degree price differentiation?
In what specific ways might there be interconnections between the issues of conduct in sport, performance enhancement and the dominant values of professional sport? List as many interconnections as...
Official Reserve Rare Coins (ORRC) was formed on January 1, 2016. Additional data for the year follow: a. On January 1, 2016, ORRC issued no par common stock for $450,000. b. Early in January, ORRC...
Which of the following items describe the two classifications of adjustments? Accruals and deferrals. O Accruals and advances. Deferrals and postponements. O Postponements and advances
Jennifer has been offered a 30-year $500,000 fixed mortgage from her bank with an interest rate of 6.5%. What would be her monthly mortgage payment?
In teams of three or four, interview doctors, nurses, pharmacists, and other individuals who are employed by clinics, hospitals, and insurance companies. Ask them to provide examples of individuals...
Critics have charged that compensation to top management in the United States is simply too high and should be cut back. For example, focusing on large corporations, Ray Iraniof Occidental Petroleum...
Wedge Corporation issued $1,500,000 of 10% convertible bonds for $1,620,000 on March 1, 2019. The bonds are dated March 1, 2019, pay interest semiannually on August 31 and February 28, and the...
Hogan Business Systems has a small number of sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During 2011 Hogan...
Bourret Inc. experienced the following events for the first two years of its operations. 2011: 1. Provided $\$ 60,000$ of services on account. 2. Provided $\$ 25,000$ of services and received...
A flowrate of lubricant oil is $5 \mathrm{~kg} / \mathrm{s}$ passing through a Venturi tube. The ratio of areas of the Venturi tube is $0.005 \mathrm{~m}^{2} /0.002 \mathrm{~m}^{2}$. The density...
Sketch on separate axes, in the interval 0 360, the graphs of: In each case show the coordinates of any maximum and minimum points, and of any points at which the curve meets the axes. a y = sec...
The wheel of radius $r=300 \mathrm{~mm}$ rolls to the right without slipping and has a velocity $v_{O}=3 \mathrm{~m} / \mathrm{s}$ of its center $O$. Calculate the velocity of point $A$ on...
According to an airline, flights on a certain route are on time 75% of the time. Suppose 17 flights are randomly selected and the number of on-time flights is recorded. (a) Explain why this is a...
Question 6.10 Current and deferred tax worksheets and tax entries From the hip Ltd?s statement of profit or loss for the year ended 30 June 2007 and extracts from its statements of financial position...
Transaction authorization within an organization may be either specific or general. An example of specific transaction authorization is the (a) setting of automatic reorder points for material or...
Denise Home Products, Inc., recently issued $2 million worth of 3 percent convertible debentures. Each convertible bond has a face value of $1,000. Each convertible bond can be converted into 21.5...
A warrant gives its owner the right to purchase three shares of common stock at an exercise price of $58 per share. The current market price of the stock is $63. What is the minimum value of the...
Through Fire, Inc., an all-equity firm, has 12 shares of stock outstanding. Yesterday, the firms assets consisted of 13 ounces of platinum, currently worth $890 per ounce. Today, the company issued...
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...

What are the three basic legal forms of organizing a business? What are the advantages and disadvantages

Question:

Step by Step Answer:

The three basic forms are sole proprietorships partnerships and corporations S...View the full answer

Corporate Finance Core Principles and Applications

Students also viewed these Corporate Finance questions