User Account

All Pages

What would be the benefits of this new entity choice?

Assignment Help Accounting Basics
Reference no: EM13842302

A client comes to you thinking about starting a consulting business. Specifically your client is interested in what type of entity should be created for this new business. Based on your readings or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation. Based on these advantages and disadvantages provide a clear recommendation to your client.

Let at least two of your peers posts know if an alternative choice of entity would be possible. What would be the benefits of this new entity choice? Would there be any disadvantages associated with this new entity selection.

Guided Response:

Let at least two of your peers posts know if an alternative choice of entity would be possible?. What would be the benefits of this new entity choice? Would there be any disadvantages associated with this new entity selection.

Reference no: EM13842302

Questions Cloud

What do you think result will be of continuing escalation : What do you think the result will be of the continuing escalation of the U.S. trade deficit? Will a gradual devaluation of the dollar solve the "problem"? If it does, what do you think will be the resulting effect on the Unite State?
Explain the interest had compounded annually : Jessica invests $3,000 in an account that pays 5 percent simple interest. How much more could she have earned over a 7-year period if the interest had compounded annually
What is the current ratio for the current year? : What is the current ratio for the current year?
One of the basic financial principles : One of the basic financial principles is that the value of any asset (whether it be a stock, a bond, or a firm as a whole) is the present value of that asset's future cash flows. As you learned in this chapter, finding present values requires determi..
What would be the benefits of this new entity choice? : What would be the benefits of this new entity choice?
Company policy for internal control : Company policy for internal control
Identify symptoms of a lack of internal control : Identify symptoms of a lack of internal control.
Major differences between these two types of clusters : paper with citations and references that defines the nine clusters of the ecosystem. Within your paper, identify which clusters represent technology developers and which clusters represent technology users. Use smart art to illustrate the major di..
Example of a potentially unethical accounting situation? : example of a potentially unethical accounting situation?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Product costing in an activity-based costing system

Turbo Champs, Corp., uses activity-based costing to account for its motorcycle manufacturing process. Company managers have identified three supporting manufacturing activities: inspection, machine setup, and machine maintenance. The budgeted acti..

  What costs should be reported in the year income statement

1. discuss the key elements of the inventory costing method.2. discuss why it is appropriate for any one to use this

  Detailed examination of outstanding accounts

A method of estimating bad debts expense that involves a detailed examination of outstanding accounts and their length of time past due is the:

  Personal items for safe keeping

It's a good idea to have an inventory of your personal items for safe keeping. Design a worksheet that will keep track of your personal items divided by category; for example: living room, dining room, bedroom, and so forth.

  Describe the statute of limitations for a tax return

How do you determine the filing date and extended filing date for income tax returns?

  Would the manager of the health club-spa be motivated to

would the manager of the health club-spa be motivated to undertake such an investment?compute the residual income for

  Compute the gross profit for the period

Third purchase $85. If the company sold two units for a total of $240 and used FIFO costing, the gross profit for the period would be?

  On january 1 2008 jose company purchased a building for

on january 1 2008 jose company purchased a building for 200000 and a delivery truck for 20000. the following expenders

  Conglomco corporation manufactures and sells widgets for

cost analysissolve problems 1 and 2 based on the information in the following scenario.conglomco corporation

  Out of eden inc is planning to invest in new manufacturing

out of eden inc. is planning to invest in new manufacturing equipment to make a new garden tool. the new garden tool is

  William farmer has just harvested his wheat crop he put the

william farmer has just harvested his wheat crop. he put the grain in a local elevator and was given a warehouse

  Issued 10000 shares of common stock for a building and land

problem 11-13 effects of stockholders equity transactions on the balance sheet.the following transactions occurred at

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd