What is a primary disadvantage of a proprietorship? What is a partnership, and what are the advantages of forming one? Explain. Which of the following corporate characteristics is a disadvantage of a corporation? a. Earnings of a corporation may be subject to double taxation. b. There...
Proprietorship is a business with one owner who operates the business on his or her own or employ employees. It is the simplest and the most numerous form of businessorganizationin the United States‚ however it is dangerous as the sole proprietor has total and unlimited liability. Self contra...
There are lots advantages by being a sole trader. The first advantage is easy formation. The formation of sole proprietorship business is very easy and simple. No legal formalities are involved for setting up the business excepting a license or permission in certain cases. The entrepreneur with ...
What is a disadvantage for a company that goes public? What are the advantages of a sole proprietor? What goes into fringe benefits? What are the benefits of an engaged workforce? What is the benefits received principle? What is a benefit corporation?
The one major disadvantage to corporate taxation is that corporate income is subject to corporate taxes, and then income distributions to shareholders in the form of dividends are also taxable for the shareholders. This situation is known as "double taxation." ...
The flat corporate tax rate that applies to professional corporations may be another source of disadvantage. Retaining earnings within the business will rarely make sense due to the higher tax bracket, and this may reduce the firm's flexibility in distributing income to shareholder/employees. In ...
What’s the advantage and disadvantage about single regulator After the minibond debacle‚ it might be a favorable time to look at an new arrangement that whether single regulator could be a right way in the long term if financial institutions were providing unified multiple financial services. ...
they are also responsible for all the debts and liabilities thebusinessaccrues. There are lotsadvantagesby being a sole trader. The firstadvantageis easy formation. The formation of sole proprietorshipbusinessis very easy and simple. No legal formalities are involved for setting up thebusiness...
1. During a weak economy jobs are scarce, so some individuals may consider starting their own businesses. What is the disadvantage of this idea during a weak economy? 2. How can peer pressure impact What factors need to be considered when de...
GAAP. Describe an advantage and a disadvantage that you see in applying fair value to certain assets. How do U.S. GAAP and IFRS differ as it relates to stock options? Is there a difference in approach to inventory valuation by U.S. GAAP and IFR...