Glenda is a much sought-after business consultant and take pride in growing her clients' start-upbusinesses. A young couple approaches her for advice on how they ought to start and nurture theirbusiness model. As you are also a fellow consultant in the same line of business, based on yourbusiness entities knowledge, explain at least six (6) characteristics each of a "partnership" and"private limited company" as well as three (3) advantages and three (3) disadvantages of settingup a “partnership" and "private limited company" option respectively. Defend your advice withan entity example of choice suitable to them.

People might be interested in doing business for various reasons. Profitability or to make a brand…

Answered: ulenda is a much sought-after business…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter6: Managing Start-Ups And New Ventures

Section: Chapter Questions

Problem 3OTJVC

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Given is a doctor who is forming her own medical practice. She wants her practice to be flexible , simple to run , and free from required meetings , minutes or resolutions . Her goal is to blend the best characteristics of corporations , partnerships and sole proprietorships . What form of business ownership seems most in-line with Gwen’s goals ? A)C corporation B)cooperative C)joint venture D)limited liability company E)S corporation
No plagiarism Please! 8. Explain the characteristics of sole proprietorships, analyze the advantages and disadvantages of organizing a business as a sole proprietorship, Explain the characteristics of partnerships analyze the advantages and disadvantages of partnerships. Compare and contrast the three forms of business organization.
1. Ask yourself and list down what qualities do you want from a business partners, and then identify people who have these qualities to be a partner for a small business project. 2. Answer the following: What market - product can be converted into business opportunity? What role will each of the partners play (who to do buying, who to do marketing, who to do selling, who to do delivery, etc.)? Who among you shall be the head of the partnership? Why? How will profit be split? What are sales goals weekly for the next four weeks? 3. Who among the successful entrepreneurs you know can be your mentor? Why?
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.
(1) If you were on the board of directors at a companyand the CEO proposed a merger with a topcompetitor, what types of questions would you wantanswered before you gave your approval? (2) If aCEO has an opportunity to merge with or acquireanother company and is reasonably certain that thetransaction will benefit shareholders, is the CEOobligated to pursue the deal? Why or why not?
Juan wants to be involved in business. He has plenty of capital to invest, but he does not want to be involved in management. He also does not want to worry about fluctuations in the market prices of debt and equity instruments. Which form of business would be best for Juan? A. General partnership B. Sole proprietorship C. LLC D. Corporation
A corporation is not for everyone, and it could end up costing you more time and money than it's worth. Before becoming a corporation, you should be aware of these potential disadvantages?please mention elaborately?
Define partnership with appropriate examples. Briefly explain three main characteristics of a partnership business?
What is partnership? And give examples. What are some advantages and disadvantages of it? What are the 4 types of partnership?
Mr. Imran and Mr. Salim are business partners. They often argue and disagree with each other when it comes to handling their business. Continuous conflict and differences in opinions among owners in a business could lead to which of the following? Business might become diversified Business might merge with another company Business might not continue Business might have more profits
Define the following types of organizations and give an example of each. Also, how are profits taxed in each organization? Sole proprietorship Partnership LLC S-Corporation C-Corporation Which of the above organizations do you think would be the best for a start-up? Why?
Answer the following questions using 100 words or less. Each prompt is worth 5 points. Why are LLCs and partnerships attractive to businesspersons? Why might the members of an LLC prefer to put the terms of their operating agreement in writing? What is the difference between an LLC and a limited liability partnership (LLP)? Should fraud be required to pierce the veil of an LLC?

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