Another pro of incorporation is continuance. Unlike other structures, a corporation has an unlimited lifespan. It continues to live on even if the shareholders leave the business or pass away. And, it still exists even if the ownership of the business changes. This makes it more likely t...
An LLC is a hybrid form of business entity that has selected features of a corporation and a partnership. It has been structured in a way to benefit from the pass-through taxation feature of a partnership along with allowing flexibility inoperation and managementand yet have limited liability li...
A huge benefit of the idea of a completely cashless society is the fact that there would be a lower transaction cost. In a real life scenario, if a consumer wishes to make a payment in cash, they must first procure the physical money which more than likely have come from an ATM which ...
The Benefits of Having a Partner in Your Venture Perhaps the greatest benefit of having a partner in your business venture is having someone who can share the workload of starting your own business with you. It can be extremely difficult to do everything on your own, and having someone to...
A closely held corporation has a number of advantages and disadvantages for the small business owner. But is it the right structure for your business?
Thus, when a company is considering alternative means of financing, if the existing management group is concerned about losing voting control of the business, then selling convertible bonds will provide an advantage, although perhaps only temporarily, over financing with common stock. In addition, bon...
Drawbacks of Running Your Own Business Unfortunately, every medal has two sides. Running your own business also has as many drawbacks as pluses. 1. Business is Time-Consuming No matter how perfectly the business process is organized, it will take a lot of time. If you are just starting you...
Price, Courtney
What to Know About Running a Business in Illinois More Related articles In partnership with,presents the b. newsletter: Building Better Businesses Insights on business strategy and culture, right to your inbox. Part of the business.com network. ...
Learn what a C corporation is, how it works, and whether your business would benefit from this structure.