BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The advantages of the corporation structure are as follows: Limited liability. The shareholders of a corporation are only liable up to the amount of their investments. The corporate entity shields them from any further liability, so their personal assets are protected.

Detailed explanation-2: -Limited liability protects the member’s personal assets from the liabilities of the business. LLP’s are a separate legal entity to the members. Flexibility. The operation of the partnership and distribution of profits is determined by written agreement between the members.

Detailed explanation-3: -Asset Protection. The main advantage to an LLC is in the name: limited liability protection. Owners’ personal assets can be protected from business debts and lawsuits against the business when an owner uses an LLC to do business. An LLC can have one owner (known as a “member”) or many members.

Detailed explanation-4: -The corporate form of organization offers several advantages, including limited liability for shareholders, greater access to financial resources, specialized management, and continuity.