Business Analysis : Owning A Business

1508 Words Aug 6th, 2015 7 Pages
Owning a business, any business, gives an average family the advantage of having a flow of stable income as to families whom income is acquired from part time or full time jobs, especially if it is a corporation. A corporation is an independent legal entity owned by shareholders. This means that the corporation itself, not the shareholders that own it, is held legally liable for the actions and debts the business incurs. Corporations are more complex than other business structures because they tend to have costly administrative fees and complex tax and legal requirements. Due to these issues, corporations are generally suggested for established, larger companies with multiple employees. Corporations offer the ability to sell ownership shares in the business through stock offerings. Although sounding attractive, corporations are not all good to others besides the business itself. Corporations have an abducting amount of authority, overpowering many businesses, releasing excessive pollution, and affecting the planet and nations health tremendously.
We might not like the idea of paying taxes, but without it, democracies will struggle to function, and will be unable to provide public services. This affects both rich and poor nations, alike. “Individuals and companies all have to pay taxes, but some of the world’s wealthiest individuals and multinational companies, able to afford ingenious lawyers and accountants, have figured out ways to avoid paying enormous amounts of taxes”…

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