Answered You can hire a professional tutor to get the answer.
Need an argumentative essay on Forms Of Business Organizations. Needs to be 8 pages. Please no plagiarism.Download file to see previous pages The disadvantages of corporations include the need to comp
Need an argumentative essay on Forms Of Business Organizations. Needs to be 8 pages. Please no plagiarism.Download file to see previous pages
The disadvantages of corporations include the need to comply with more legal formalities like filing of annual returns, obligation to comply with more federal rules and regulations and the fact that it is expensive to form and operate compared with other business forms e.g. sole proprietorship and partnerships. Analyzing the advantages and disadvantages of corporations in light of the farming business of the four brothers, this form of business will not ensure be advisable as it will not meet the preferences of the owners. First, having a corporation will not give them the powers to determine the ownership and limit it to the members of the family. It will also not guarantee the adherence to the Christian beliefs and norms. Besides, having a C corporation will deny them the ability to determine the management of the business hence Xavier may not have the opportunity to offer his experience and skills. A C corporation demands that a board is constituted and the board will have the mandate of monitoring the operation by formulating policies and determining who to manage the business. In conclusion, the form of business determines the manner in which the business will be operated and managed apart from determining the amount of taxes to be paid and other reporting requirements, It is therefore important that before a decision is made, the owners of the business should carefully analyze the merits and demerits of each business form in order to make decisions that will ensure their demands are met.