BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Merger
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Partnership
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Franchise
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Corporation
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Detailed explanation-1: -Limited Liability Company (LLC) An LLC is a hybrid between a partnership and a corporation. Members of an LLC have operational flexibility and income benefits similar to a partnership but also have limited liability exposure.
Detailed explanation-2: -The most common forms of business ownership are sole proprietorship, partnership, limited liability partnership, limited liability company (LLC), series LLC, and corporations, which can be taxed as C corporations or S corporations.
Detailed explanation-3: -Franchise. A contractual agreement between a parent company and a franchisee to distribute goods or services. Franchisee. One who buys the right to sell the goods or services of the parent company (franchisor)
Detailed explanation-4: -Closed corporations are companies with a small number of shareholders that are privately held by managers, owners, and even families. These companies are not publicly traded and the general public cannot readily invest in them.