Types of business entity

1. Mergers & Acquisitions: Identify some differences between a merger and an acquisition? What are the different types of mergers/acquisitions (for instance, Starbucks purchasing a coffee bean farm would be a what?)? Make sure to provide an example of each type. Identify and explain some defenses to acquisition. What are the financial statement rules with respect to acquisitions? Overview of Mergers and Acquisitions A merger is when two separate companies, Company A and Company B, are joined

Part A Sole proprietorship Sole proprietorships are the most common type of business in the U.S. They are most commonly chosen because they are the easiest type of business to set up and give the sole owner of the company complete control of the company. There are many benefits to a sole proprietorship in regards to control, profit retention, and convenience. In regards to control, the owner of a sole proprietorship has the final say in any decisions. Due to the fact that there are no shareholders

Auto Lot Ltd? Law A partnership is not a separate legal entity. Accordingly, outsiders (3rd parties) should contract with the individual partners. Whether the contract entered into by a single partner is binding on the firm depends on law of agency. According to s5 where there is an actual (express or implied) authority, a partner could have the power to act as an agent on behalf of the other partners for the purpose of the partnership business (Harris et al 2011). Once a partner does any corporate

BUSI 561, Legal Issues in Business Liberty University Starting & Naming a Business Betty Wilson’s venture of opening a Christian Coffee House in Belmont, NC, presents her with abundant opportunities in selecting a business form. She is considering the following types of entities: 1) franchise, 2) sole proprietorship, 3) partnership of some sort, 4) corporation of some sort, 5) LLC, or 6) even as a joint venture. We will briefly explore each business option and give Betty concise recommendations

BUSINESS 4000 TEST 2 Submitted to: Prof. Heather Clarke Submitted by: Jordan Loder (Student no. 201213535) Date: July 21, 2016 INTRODUCTION When an individual chooses to start a business there are several business forms they may choose to take. The option that they chose to depends on several factors such as how much control an individual wishes to have within the organization and to what extent are they willing to be liable for the business’s actions. This paper will look at three types of business

report) Determining what type of business venture to either start or invest in can be challenging. Over the next several pages we will evaluate the various types of business organizations and at the end of this report; you should have an initial or better understanding of the different types of business forms. Sole Proprietorship: The word proprietorship can sound intimidating. It is important to remember that most things are simplified with knowledge. If your business is a sole proprietorship

Sole Proprietorship: Sole Proprietorship when there is no legal difference between the person who owns it and the business (Terence Lau, 2013). • Liability: The operator/proprietor of a Sole Proprietorship is subject to the full and indefinite financial liability for his/her business. Both the owner and the company is one in the same legally. The company’s assets are legally the same as the proprietor’s private assets. • Income Taxes: The proprietor of this Sole Proprietorship is responsible for

treated as an S-Corp. Be sure to contact the state 's income tax agency where you plan to file your election form. Ask about the tax requirements and if they recognize elections of other entities (such as the S-Corp). Advantages of an LLC: •Limited Liability. Members are protected from personal liability for business decisions or actions of the LLC. This means that if the LLC incurs debt or is sued, members ' personal assets are usually exempt. This is similar to the liability protections afforded

Because you are the sole owner of the business, you have complete control over all decisions. Your business is not taxed separately, so it’s easy to fill the tax reporting requirements. Some disadvantages of a sole proprietorship are unlimited personal liability. Because there is no legal separation between you and your business, you can be held liable for the debts and obligations of the business. This extends to any liabilities caused by employee actions. Sole proprietors

Business Law Case 1: Kate is the owner of a successful business, selling women’s shoes. Her business is expanding fast and she wants to upgrade her business structure to a more appropriate one. What would be your recommendation to Kate and why? What are the factors that influence you with this advice? Solution/Advice 1 Choosing a Corporation/Company Structure - the business structure of a company/ corporation is highly recommended, it has the flexibility to gain more capital, or credit capability