BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Select the three main factors to consider when selecting a form of business ownership?
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How much liability protection do I need? How will taxes and the form of business ownership affect me
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Do I need start up capital?
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How will taxes and the form of business ownership affect me?
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How much time will operating a business require?
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Explanation:
Detailed explanation-1: -There are three common types of businesses-sole proprietorship, partnership, and corporation-and each comes with its own set of advantages and disadvantages. Here’s a rundown of what you need to know about each one.
Detailed explanation-2: -There are three basic forms of business ownership: sole proprietorship, partnership and corporation. Each of these forms of business organization has advantages and disadvantages in such areas as setting up the company, paying taxes and assessing liability for business debts.
There is 1 question to complete.