Here is the synopsis of our sample research paper on Business Organization Structure Choices for an Entrepreneur. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3 page paper is written in two parts. The first part looks at different business formats an entrepreneur may choose, considering sole proprietorship, partnership, corporation and limited liability firm. The second part of the paper considers which would be best for an aggressive entrepreneur. The bibliography cites 3 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEstructe.doc
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Unformatted sample text from the term paper:
the options and determine which is the most appropriate. The sole proprietorship is one of the simplest forms of business. This is a structure where there is a single
owner of a business; it is also the most common business structure (Dungan, 2010). With a single owner the individual has some advantages in terms of decision making and control;
the owner is able to retain complete control. In terms of taxation there are also some advantage, the business is the activity of the owner, with the income taxed as
part of the individuals income. This also allows for a degree of simplicity in the preparation of tax returns, with only one set of tax forms required.
There are also some disadvantages associated with this ownership structure. The owner has full personal responsibility for the firms obligations and liabilities. Any loans
to the business will have to be for the owner, as the business does not have an independent identity, so business loans and debts create a personal liability on the
part of the business owner (Chiappinelli, 2006). Any legal liability on the part of the business is also a personal liability for the owner (Chiappinelli, 2006). The business only exists
until the owner withdraws from the business or dies. The second potential type of structure is a partnership. There are two potential
types of partnership; a general partnership and a limited liability partnership. The general partnership is very similar to the sole proprietorship, the business does not have a separate identity, but
instead of only a single owner there will be two or more owners. The revenue will be classified as the revenue of the partners, and unless a partnership agreement exists
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