Operational Procedures for a business plan

Essay specific features

 

Issue:

Business

 

Written by:

Nickie H

 

Date added:

April 14, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 230

 

Was viewed:

7866 times

 

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Essay content:

When considering a business structure, you have three basic choices- sole proprietorship, partnership and corporation – each with it’s own advantages and disadvantages. Business Structure Advantages Disadvantages Sole Proprietorship Full Profits Personal liability Partnership Easy to form Unlimited liability to all partners Corporation Corporation protects you from personal liability Higher taxes Subchapter S Corporation S corporation avoids double taxation penalty Limited to companies with fewer than 75 shareholders...
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We can begin to discuss the importance of having advisors and a board of trustees for a retail business. Such group is appointed to assist you on dealing with issues such as negotiating a lease to reviewing financial statements. It is important that such group be a prominent board whose members are respected in your particular industry in order to add credibility to your business...
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