What are the pluses and minuses for the owners of a company in choosing to incorporate their business?
What will be an ideal response?
Answer: A limited partnership operates like any other partnership except that it allows limited partners—primary investors who cannot take an active role in managing the business—to become owners without subjecting themselves to unlimited personal liability of the company's debts. A corporation is a separate legal entity and the most complex of the three basic forms of ownership. To form a corporation an entrepreneur must file the articles of incorporation with the state in which the company will incorporate. Corporations offer these advantages: Limited liability of stockholders; Ability to attract capital; Ability to continue indefinitely; and Transferable ownership. Corporations suffer from these disadvantages: Cost and time of incorporating; Double taxation; Potential for diminished managerial incentives; Legal requirement and regulatory red tape; Potential loss of control by the founders.
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A seller's listing agreement has expired, and the seller lists with a different brokerage firm. The original listing agent now has a buyer interested in the seller's property. Based on this information, the original agent
A) cannot represent the buyer. B) cannot disclose to the buyer offers received on the seller's property while it was listed with the original agent. C) is a dual agent. D) cannot disclose to the buyer information about the physical condition of the property.
The business marketer normally deals with far fewer but far larger buyers than the consumer marketer does
Indicate whether the statement is true or false