ETH 321 Week 3 Individual Assignment Business Forms WorksheetThere are seven forms of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including th

**** Sheet ******** ******** Answers ****** read it **** *** ******** *** ***** ***** ** ********* sole ************** *********** ******* liability partnership ******* ********* company (including *** single ****** **** * *********** ********* *** ************ ****** *** ** *** ***** ** business2 ******** *** ******* ***** ********** *** three ************* *** **** ******** form3 ******* a **** to ******** ******* ** which you provide ** ******* ******** *** **** **** ******* ** ***** one of *** ********** *** *** of *** ************* ** that form *** ********* ***** ***** **** might ** **************** ***** ******************** The ************ ** starting **** * ******** **** **** ******* ****** *** ********* ******* ** working ** the ****** ** *** ******* ************ ***** *** ********* *** efficiently ****** learning **** ********* **** **** ******* ****** *** error2 The entrepreneur ******** **** group ********* ** the franchise3 The ************ ******** ******* **** *** ****** company *** ******* can ***** **** ******** ************ to ******** ********* ** *** ********* ** run *** ******** ************************* *** ********* *** *** ***** **** ******* ********* to hundreds ** ********* ** ******** ***** ** **** to ******** *** ********* *** ***** **** ** *** ******* *** franchisee usually **** the franchisor * percent ** *** gross monthly ****** ***** is ** room to ** ********** and *** ******* ******* ************* when you *** * ********* ** *** have * *** **** **** **** **** be ******** ** *** franchisor before implementation For ******* *** ********** determines *** ***** *** products that *** **** ** *** franchisee’s ********* ********** control ** * disadvantage of ****** * ********* ** the ********** ** ** *** **** *** ********* ******** *** ************** ***** ***** on *** **** *** ********** although his ** *** ***** *** not involved ** *** ************* ***** form ** *** needed ** ***** * sole proprietorship ** partnership **** *** **** **** ** form an ********* Unlimited ******** ********* ** * ************ ** **** *** ***** hardware ***** ** * **** proprietorship *** ***** ******* ***** ***** ** sisters is a *********** Organizers ** ******* ********* partnership ***** *** limited liability company ***** **** **** ******** ** ************ **** *** ***** ******** ********* is ** ********* ** **** *** **** A disadvantage is interstate ******** as **** ****** **** *** ******** between every ***** **** states **** not recognize *** *** ** *** as * ******** ****** ** ******** ****** ** ** example ** an *** and * **** ******** ** ** example of ** *** * *********** *** ************ apply for ***** charters *** **** ******** ** incorporation * disadvantage of * *********** and ************ ** ******* **** ** ******** *** company ** advantage is ************ and ********* are *** liable *** the *********** ***** *** obligations **** Cola is a *********** * ********** **** * ********* *** An ********* is ** ******** ******** plan *** ******** ******* * disadvantage *** ******* ********** ****** ** * franchisePart 2Business Form: ********************** It ** **** to establish *** *** ******** ***** *** low2 ***** ** more ******* ********* ** start *** run the ********* External regulation ** ******* since business ******* *** ********************* **** *** every ******* is an agent ** *** *********** *** ********* ****** *** ***** partners ******** ******** **** ********* ********* **** *** ***** ** *** business3 The risk of ************* *** ********* ***** ******** *** **** ****** ** ********* ** ****** *** *************** ***** ** **** ******* to ***** *** *** the ******** * partnership ******** ** **** **** *** ****** **** ****** *********** * ************ amount ******* *** ******** ***** accumulating more ***** to ***** *** ******** ** ******** to * **** ************** On the ***** **** members in *** *********** **** ** ********* ********* **** *** **** ** *** ******** **** ******* is ****** *** the business debts *** ***** ******** can ** **** to ****** *** **** ******* ***** ***** ********** **** formation of * partnership ******** partnership ********* and ************ ** *** *********** ** filing * certificate ** partnership **** the ********* ** ***** officeReferencesChecklist: Starting * *********** ********* ******************************************************************************************************************* *** ********** *** ************* Available ******************************************************************************************************************************************************************** ********* Forms ************** *** ***** ***** ** ********* **** ************** partnership limited ********* partnership limited ********* ******* ********** the ****** member **** * *********** franchise and ************ ******* * 300- ******** summary *** *** ***** forms of business and ******* an example business **** *********** *** each ******** form5 ****** *** ** *** ***** ** ******** to research and ******* ***** advantages and ***** ************* *** the selected ******** form6 ******* * **** ** ******** summary ** which *** discuss at ***** *** ** *** ********** *** one ** *** disadvantages of that **** *** ********* ***** ************* *** IRS *** Forms ******** of Incorporation *********** Agreement) that ***** ** ******** *** its operationDIFFERENT ***** ** ************ ************** ** this ******** **** *** ********** ****** *** **** ****** *** *** *** **** **** ***** be ****** ******* *** ******** *** ******** ****** *** required ** report ***** ****** ** **** on ***** ******** *** ******* *** **** ******* are not ******** to **** *** state ******* **** *** ****** easy ** **** *** also to ********* example ** a sole ********** ** *** ******* *** the many **** ***** ******** ** **** ******** ********************** ******** *** always liable *** *** ******** that might ** ****** ******* the business and they ******* *** not ******** ** **** *** ***** ******* **** *** always easy ** **** and also ** operate *** ******** ****** are ******** ** ****** ***** ****** ** **** on ***** personal tax ********* ******* * partnership is Larry *********** ********* **************** ******* *** *** required ** take *** ***** filling They are ****** **** ** **** and **** to ******* *** business owners are required ** ****** their profit ** **** on their ******** *** returnsan example ** a limited liability *********** ** ***** ** PropertiesLimited ********* CompanyThese *** *********** ***** ********** **** *** ********** differently **** ***** ****** This **** ** business ** always ***** ** ** ************ ** **** **** multiple ****** *** in a case **** *** owner **** *** ***** as **** proprietorships ***** are ** *********** in the ****** ** owners **** **** ** ******** ** ************** ******** assets **** *** debts ** which *** business ** ******** in **** *** governed ** ********** of ********* An ******* ** **** *************** *** business ********** that have * different *** ********** from ***** ****** *** ***** the ***** to ** **** to ******** the ******** assets **** debts incurred ** *** ******** *** ****** *** ******** to ****** ***** ******* ** ****** ** ***** ******** ******* **** *** ***** * ******* ****** ** ************ *** might ** US ******** An ******* ** ** * *********** in the ****** ****** is ****** Law ***** CPAFranchiseThis ********* **** ** ********** is granted ** **** the right *** ** **** ** ******** the owners ** * ***** *********** The ******** ****** **** has **** ******* the franchising right are ***** *** ****** to **** *** ******* their ******** ** **** they *** be able ** *** ******* *********** ***** and ********** ******* ** * ********* ** *** **** ***** ******** **** has **** ********** in ********* ***** ** the ******************** **** of ******** *** * ******** legal *********** **** the ******** owners *** ****** *** **** ** ***** ******* liability *** **** *** directly ******** ** the *********** ********** *** ******* of activities ** ** the ***** ** ********* *** *** ******* ** *** shareholders ** example of * *********** ** ************* AND ************* ** A CORPORATIONADVANTAGESLimited ****************** existenceEasy ** ******** ********* interestsDISADVANTAGESIt ** ****** ** run a ***************** ******************* ******************** liability ** an advantage ** * ************ *********** as * **** ** ******** ** ********** as * ***** ****** ** *** *** *** hence the ******* ** the *********** are *** ** *** **** **** liable *** *** debts that *** business may ***** ** *** assets The individuals ******** ****** a ******** issue **** ****** *** **** ********** *** ****** ******************** documentation ** * ************ ** a ************* ************ *** businesses ******* that they *** ******** to ******** *** more ******** ** *** other ******** **** The ************* ******** *********** of business **** *** ******* **** *** always viewed as ******** **** ***** in ******** ******** ****** ** the annual *** returns and ****** ******* ******* ******* of *** ************ ******** *** *** the ***** ********* records that *** *************************** * ****** Setting ** *** ******* a ******* ******** * ************* ***** ** ******* *** ********* * ******* ** * ******** and shareholder ******* *** ** BooksCox J * (2008)Corporations ***** *** ************ ****** G * ****** *** ** form *** operate a limited ********* ******** * do-it-yourself guide ********** *** International ************ ************* B ****** ******* law Oxford: ****** University ********* ****** *** seven ***** ** business: **** ************** *********** ******* ********* partnership ******* ********* ******* ********** *** ****** ****** **** S *********** Franchise *** Corporation1Research and ******* ***** advantages *** ***** disadvantages *** **** ******** ************ * **** ** ******** ******* ** ***** *** provide ** ******* business **** you ***** ***** for **** **** What is ******* necessary ** **** in order to **** **** ********* Discuss at ***** *** of the ********** and one ** *** ************* ** **** ******** ProprietorshipAdvantages1Not **** ** **** with ****** ** ** ********* ** *** *********** is ** double taxation and *** ***** ****** ***** owngains and loses on ***** own tax ***************** ******* ** **************************** ********** ** *********** ********** ** *********** any debts *** **** *** *** of *********** ** gain ******* *** *** ******* ** *** ***************** *************** *** ****** to ***** * **** ***** ******* ******* ** ***** *** then **** ****** ****** ** * **** ************** for *** ******** ***** small ******* **** as * ******** ******** ***** *** **** to **** ** ***** ***** for ******** the ******** ***** would ** no ********** ***** ****** to ***** *** business **** ***** ********** help **** * ******* and ****** ********** ******* *** losses ***** ** on *** individual’s *** *** information *********** taxed **** opposed ** ***** **** * corporation ***** ** * benefit of this ******** ********** disadvantage ***** be that *** ************ who started the ******* ***** ** liable for *** debts ******* ** *** *************** ** ********* ***** **** **** **** ** *** ******** ********* at *** **** ** ***** ** **** ** dissolvePartnershipAdvantages1More **** *** *********** *** ******** ******** ****************** ** ****** ******* *** ******** so ** ** not just *** person in *********** ** ****** * partnershipDisadvantages1The ******** *** *** debts ******* ****** *** ****** ***************** can disagree3Profits are ****** ******* ********** ** amount ******************* general partnership business ********* would ** * *********** company ******* by *** ********* ***** ****** ** ****** *** ** formswould **** ** be submitted to the ******** partners ***** have ** ** honest *** respectful ******** ***** ** ****** *** debts of *** business *********** ********** ******* significant **** then **** partners ***** haveto *** *** ***** **** ***** *** ****** ********** ** * *********** *** **** **** ***** ** *** responsibility ** ******** *** ******** *** **** **** ****** to ******* * ************ is having to ******* * ****** ** *********** ***** ** ******* **** *** ** ******** by *** company’s ******* ******* *** *********** This *** *** ******* ** *** ****** ** *** ******* ***** ********* for *** ******* after resigningLimited ********* ************************* ******** *** **** ******* ********************** ******** ***** *** paid on *** *********** ***** not ** *** company ********** ************ ***** is more ************* ******** ********* **** ******* *** the business ** *********************** to **** than * **** *************** **** articles ** ******* ********* partnership ****** to ** ***** **** *** ********* of ***** to ****** * limited ********* **************** ** ** ******* *********** ** ***** * limited ********* partnership3The ******** **** ** ***** large ******* of liability *********************** ***** ******* ** create a ******* ********* *********** ** ******* ********** ***** ***** ** ************ ***** all **** ******* liability ** ** *** *********** is **** *** the partners ***** *** ****** *** ******** ******* through their ************** ******** to ***** ********* insurance to ***** ****** **** ***** occurThe ********* is there **** not **** ** ** * general ******* *** **** partner *** have the ******* **************** advantage is taxes *** accounted for ** the partners’ ***** ******* double taxationA ************ ** **** certain *********** *** become ******* ********* ************ **** ** ******* doctors *** ****************** ********* Company (including *** single ****** ********************** liability ******* ** * ***** ************** *** **** ******* liability and ****** **** *********** for debts3Increase ******* to ****** capitalDisadvantages1More ********* ** ****** than **** ************** or ******* partnership2Manager-managed *** the ******* give ** ***** rights to ****** and ******** * manager ** there ** ****** * ****** *** do ** ** or she ******** the *** *** manager manages3A ************* ****** *** **** the LLC to ********* ****** *** ********* **** ** were ***** ****** ** *** ********************** ******* *********** **** *** ***** *** business may **** ** **** * ******* ********* ******* (LLC) ** **** *** liability away from *** partnersMany ********* **** ******* as * ******* *********** **** grown *** ******** *** want ** ******* *** ******** *** ******* *** *********** ** * limited ********* ********** partners **** to **** ******** ** organization **** *** ********* of state ** become an ***** ******* from the general partnership to an *** ** agreement ** ********** needs ** be ******* The ******** would **** ****** ******* *** decide ******* manager-managed ** member-managed *** * ************ ** if *** ****** *** *** like *** way * manager is ******** ** *** manager-managed *** he ** *** ***** **** ****** *** ** **** ******* ***** ** ** *** **** ** *** right ** ********* ***** advantage ** the ******* ********* ******* through ******* **** business form ** creating * ******* that ** a legal ******* ****************************** ******* ** ****** capital by ******* shares in the company2The corporation is a legal entity *** is ****** *** *** shareholders3Single ******** ******* ** * ************ **** double ************************* to **** less **** 100 ************ ** be ** * corporation2Only ** citizens or residents can ****** ************ ***** could ******* investment ***************** stocks can **** ** *** ***** so this ***** ****** investing **** individuals *** ******* ********* stock ** ***** to investFranchiseAdvantages1Name *** ******* *************** of franchise ****** *** ********** *** *************** to ******* quality ******* measures3Growth ** *** ******* by ****** *********** **** *** ****************************** and **** *** franchisee *** ** *** *** ******************* agreements *** limit the ******* ** *** ********** to ********* * ********* in ******* ********* or create prevent *********** if *** *** ********* ********* ******** ********** *** franchisee *** ******** ******** ** *** franchisee **** *** **** *** ******* ** the ********** with ***** mattersCorporationAdvantages1Raise capital ** selling ******************* **** ******* ********* ******* the *********** ** a legal entity3Can **** **** **** *** ******************************** ******** ***** ** * ********* ***** *** **** ***** again ** *** shareholder’s *******

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