Please explain the importance of choosing good partners when starting a new business.(please short answer )
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Please explain the importance of choosing good partners when starting a new business.(please short answer )
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- 9. When starting a business, choosing which kind of business entity to form is an important decision with many implications. Why might venture capitalist prefer to invest in a C corporation? Group of answer choices A. Because the C Corporation is easier to merge, sell, or take public B. Because the laws of an LLC are still too uncertain C. The capital gains tax is more favorable under a C Corps D. All of the Above E. A and B onlyWhen trying to determine the best business type to launch, a restaurant owner is confused about what differentiates a sole proprietorship from a partnership. Which of the following could be used to explain the difference? a) A partnership is considered a special entity, whereas a sole proprietorship is not. b) A sole proprietorship has a sole owner who takes on all the debt instead of sharing it. c) A partnership has two owners while a sole proprietorship has a holding company. d) A partnership is a very large business with smaller companies underneath.true or false Developing the business plan and deciding the structure of the venture is a typical stage in creating a new venture.
- what is the company background of Jollibee?Suppose you have to start business dealings with a company named “XYZ” how will you document the conditions both parties agreed or disagreed on and what are the considerations for such agreement?Forming a partnership enables entrepreneurs to combine their skills and knowledge. What is another perk of a partnership? a) It offers the most entrepreneurial protection. b) There is someone to share the business debts with. c) There is a lot of government control involved. d) Employment laws need not be followed.
- Which of the following business forms is likely to present the greatest risk to an expanding firm in the context of both financial and human investments? a. A licensing arrangement b. A joint venture c. Piggybacking d. FranchisingWhich of the following statements is correct in relation to limited partners? Select one: a. Their liability is limited to the capital they have agreed to invest in the partnership b. They have no liability for partnership debts c. They have full liability for partnership debts.Write a letter advising a hypothetical sole proprietor to choose another form of business ownership. By definition, a sole proprietorship is an unincorporated business owned by one person known as the sole proprietor. The majority of U.S. businesses are owned and operated as sole proprietorships. In a persuasive paper, write a letter to a hypothetical sole proprietor explaining why he or she should convert the sole proprietorship to another form of business ownership (for example, a traditional "C" corporation, an "S" corporation, or a limited liability company).
- 1. The main disadvantage of a corporation is double taxation. a. True b. False 2. A partnership is easier to form, operate, and terminate than a proprietorship. a. True b. False 3. A disadvantage of a partnership is that: a. financial resources are obtained from one person only. b. each partner is responsible for the acts of every other partner. c. specialized skill is difficult to find in the individual partners. d. there are inadequate management and employee skills. 4. A partnership is a form of business that is: a. formed for only civic, educational, charitable, and religious purposes. b. organized to provide a professional service for which each shareholder is licensed. c. owned by two people who share ownership of a single business. d. created to obtain financial sources from only one person. 5. Small business owners prefer a proprietorship over other forms of business because it: a. provides…The factor is the financial resources needed to start and expand a business. Decide whether this factor is a cost or benefit to a sole proprietor, a partnership and a corporation, and give a brief explanation for your answer. Sole proprietor: Partnership: Corporation:c) “A start-up entrepreneurship does not need to develop a business plan when launching a new enterprise. All he/she need is a business idea and money to start operating.” Evaluate this statement supporting your answer with facts in briefd) Describe three strategies for negotiations and What type of negotiation skills should an entrepreneur possess in contract management?
