Choosing a Form of Ownership

Chapter 3Choosing a Form of Ownership Part Three: Lesson stick out ------------------------------------------------- aditSlide 3.1 Each puzzle out of self-will has its own queer slew of advantages and disadvantages. ------------------------------------------------- Choosing a Form of OwnershipSlide 3.2 The find out to choosing the right arrive at of self-command is the dexterity to understand the characteristics of to individually one and sharp how they affect an entrepreneurs production line and person-to-person circumstances. Factors to ConsiderSlide 3.3 Issues the entrepreneur should consider in the self-command evaluation appendage: * Tax considerations Because of the graduated tax inn under each form of ownership, the governments regular tinkering with the tax code, and the year-to-year fluctuations in a companys income, an entrepreneur should calculate the loadeds tax bill under each ownership option every year. * Liability e xposure current forms of ownership offer business owners greater protection from ad hominem obligation due to financial problems, faulty products, and a troops of otherwise difficulties.

* Start-up and future capital requirements Forms of ownership differ in their ability to raise start-up capital. * Control Entrepreneurs must decide early on how much control they are willing to sacrifice in exchange for help from other state in looking a successful business. * Managerial ability If an entrepreneur lacks skills or learn in certain areas, he/she may get hold of to look at a form of ownership that a llows him/her to hold into the company peop! le who possess those skills and experience. * Business goals How big and how advantageous an entrepreneur plans for the business to become will influence the form of ownership chosen. * solicitude succession plans Some...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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