MANAGEMENT

Detailed explanation-1: -It may be a sole proprietorship, a partnership or a corporation.

Detailed explanation-2: -Sole Proprietorship There are no charter restrictions on operations. Ease of discontinuance-the business can be terminated at the will of the owner. The owner is truly the boss, making all decisions, keeping all profits, and assuming responsibility for all losses and debts.

Detailed explanation-3: -Intercompany agreements are contracts made among two or more businesses or divisions owned by the same parent company. It is a contract that refers to the internal transactions of sales or transfers of goods and services between the businesses.

Detailed explanation-4: -The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.