A corporation is not for everyone, and it could end up costing you more time and money than it's worth. Before becoming a corporation, you should be aware of these potential disadvantages?please mention elaborately?
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A corporation is not for everyone, and it could end up costing you more time and money than it's worth. Before becoming a corporation, you should be aware of these potential disadvantages?please mention elaborately?
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- Considering the various types of business entities, how would you convince a company’s founder that becoming a B corporation or a public benefit corporation is a better way to do business? Provide some examples of companies that have chosen this type of corporate entity. Additionally, discuss how you think that becoming a B Corporation or a public benefit corporation can help address social and environmental problems while still attracting consumers and investors?In your opinion, what are the main advantages and disadvantages of organizing a firm as a corporation? If you were starting a business, would you use this option and why?Every organization is formed into an entity of some sort, and is usually done to protect individuals from liabilities connected with business operations. If you were starting your own business, which entity formation would you use--sole proprietorship, partnership, LLC, or corporation? Why? Which entity formation would you never use? Why?
- What is a tightly owned company, and why do certain businesses opt for this ownership structure?what responsibilities does a corporation have? Is its responsibility to be construed narrowly as merely profit making? Or more broadly to include refraining from harming society and even contributing actively and directly to the public good?A corporation that owns a chain of pastry shops on the west coast has seen a decrease in revenue in recent months due to an increase in the price of flour. The company is considering merging with another company in order to combine resources and save on costs. Which type of merger would be most beneficial for the corporation and why?
- The needs of the businessperson starting a new business are a major consideration when deciding the best form of business ownership. The kind of business being started is also important to consider when deciding to make your new business a sole proprietorship, partnership, or corporation. Look at the list of new businesses below. , indicate the form of ownership you think would be best for each business and give the reasoning for your selection.What is a corporation from the business point of view?Assume that you are the owner of a successful small-to-medium-sized business. You want to grow your business and separate it from your personal finances. What should you do? How will you do it? In regard to dividends and earnings, when and how should you and other owners be rewarded? What are examples of each type of dividend? Why do some large corporations forgo dividends?
- Starting up and managing a business requires one to act responsibly and ethically at all times. It is also imperative that one carefully considers the management team and the opportunities that franchising presents to a business to create a bigger brand name and increased market share You may consider franchising your business at some point. Discuss with justification, the type and model of franchise that your business will enter into.Choose which business form — sole proprietorship, "S" Corporation, "C" Corporation, LLC, 501(c)(3) — you would use for one of the following businesses that you would like to own if you could: An online shoe store with best friend A community fresh produce market Paralegal consulting services Catering business — three acquaintances who met on a food website Technology consulting services 3 Guys and a Girl Car Repair Bookkeeping business — five accounting graduates' startup Interactive gaming design with two family members Secondhand clothing consignment shop with one dressmaker and a seamstress Home services business — large business with one knowledgeable owner and one banker/investor Food truck franchise Respond to the following questions: Explain: Which of the 11 business types did you choose from the list above? Who are the owners/founders besides yourself, if any? Who are your potential customers? What makes your business unique in the marketplace? What are the strengths? After…What are the key differences between sole proprietorships, partnerships, and corporations in terms of ownership structure and management responsibilities?