Reference no: EM131279214
What are your recommendation for the optimal business entity form for each of the following scenarios:
1. Melanie has a business where she sells cupcakes to the local community. She sells the cupcakes out of her basement which has access from her backyard. Patrons must walk down a set of stairs in her backyard, which often become icy in the winter time.
2. Brett and Jamal work together on a construction crew. They are interested in starting their own construction business where they will buy houses, remodel the houses, and sell the houses at a profit (hopefully).
3. Rebecca has an idea for a new online website where local contractors and potential customers will connect. The customers will primarily be homeowners looking for help with small repairs. Rebecca will match the contractor with homeowners through her website. Rebecca will charge the homeowner and pay the contractor 75% of the fee charged. Losses are certain in the first few years. However, she hopes to create franchises in local markets.
4. Samantha has a business selling hand-made quilts. She only sells the quilts online. No customers visit her house.
5. Daniel has a networking website. He only allows potential users to join if they have been invited by another user to join the network. A new user is charged $20,000 to become a member. Membership status is considered a major status symbol. Daniel hopes to take his company public by selling shares on a national exchange.
What are the advantages and disadvantages of the sole proprietorship, partnership, Limited Liability Partnership, LLC, and Corporation forms of business entity.
After discussing the advantages and disadvantages of each form of business entity, discuss the five factual scenarios above and conclude as to the best business entity form for each factual scenario.
Your paper should focus on 1) ease of formation, 2) federal income tax on profits of the business, 3) and personal liability for the owner.
Concepts of cyber security culture
: How might the concepts of a "Cyber Security Culture" apply to external Supply Chain partners? What is the strenghts for Next Level Urgent Care? How do you determine the difference between cost and R0I? What is the most effective component for progres..
|
What options do employers have for compensating providers
: Reimbursement and the Employer Although MCOs are responsible for contracting with providers to deliver services to their members, MCOs have various networks they offer to their employer group customers to achieve different goals, like local/national ..
|
Analyse the ethical decision making
: Draw on a case studied in the course to explain and analyse the ethical decision making (i.e the person-issue-situation interaction) in that case. How would you as a manager increase moral awareness in the workplace?
|
What is cross-cultural adaptability
: What is Cross-Cultural adaptability? What effective predictor of success can Cross-Cultural adaptability accomplish within a global assignment?
|
Disadvantages of the sole proprietorship and partnership
: Melanie has a business where she sells cupcakes to the local community. She sells the cupcakes out of her basement which has access from her backyard. Patrons must walk down a set of stairs in her backyard, which often become icy in the winter time. ..
|
Relationship between control process and long term planning
: The next meeting of the long term planning team for Galaxy Toys is scheduled for next week. All the VP’s will be there and a report must be given by all as to the viability of the “Moon Mission Jupiter’s Europa 1” toy roll out and the success or fail..
|
Major perspectives of corporate social responsibility
: What are the major perspectives of corporate social responsibility CSR? Draw on two cases of CSR and how well the company practices CSR. What strategic issues and problems does Panera Bread management need to address? What would you suggest that Pane..
|
Moral obligation to scrutinise corporate governance in firms
: Draw on a case studied in the course to illustrate in what ways, and using what tools, institutional investors should impact (with reference to theory) on the corporate governance of companies. Do you believe institutional investors have a moral obli..
|