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Why is the corporation the favorite form of business organization in the US?
Wiki User
∙ 7y ago
From a tax standpoint, there are some benefits for a small business to form a corporation, of course there are different forms of corporations and the benefits differ. The primary reason and benefit in forming a corporation is the limited liability involved. A corporation is like an individual taxpayer or person in that if the corporation is sued from some reason and don't have enough insurance to cover the loss, the suit cannot generally take the assets of the business owners except for the value of their ownership in the business. A business owners home and family are protected from attachment due to this issue. They may loose their business but not everything in their life.
Wiki User
∙ 7y ago
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What form of business organization accounts for almost 85 percent of all sales revenues in the US?
A corporation
Different types of business organization according to nature of business?
There are six major types of business organizations i.e. Sole Proprietorship, Partnership, Corporation, Trust, S-Corporation, and Non Profit Organization. A business enterprise can be owned and organized in several forms. Each form of organization has its own merits and demerits. The ultimate choice of the form of business depends upon the balancing of the advantages and disadvantages of the various forms of business. The right choice of the form of the business is very crucial because it determines the power, control, risk and responsibility of the entrepreneur as well as the division of profits and losses. Being a long term commitment, the choice of the form of business should be made after considerable thought and deliberation. The choice of the form of business is governed by several interrelated and interdependent factors. Sole Proprietorship Partnership Corporation
What form of business requires the least of specialization of skills?
Corporation.
Which is not one of the three forms of business organization?
Following are three forms of business organizations:Sole properietorshipPartnershipCorportationAny other entity except these are not form of business organization.
What legal form of organization's income is not taxed under individual income tax rate?
corporation
Which form of business organization has the least government regulation?
corporation
What was the Leading form of business organization in the US after the 1860s?
CORPORATION
The form of business organization that has the advantage of limited liability is a?
corporation
What form of business organization comprises about 19 percent of all businesses in the US?
corporation
Which form of business organization has the least government regulation and which has the most?
corporation
What is the types of business that is the easiest to form?
The easiest form of business organization to start and stop is the limited liability company. sole proprietorship. corporation. partnership.
What form of business organization accounts for almost 85 percent of all sales revenues in the US?
A corporation
What statement concerning corporation in the US after 1865 is most accurate?
corporations became a dominant form of business organization.
The most common form of business organization based on the number of firms is the publicly held corporation true or false?
False
Different types of business organization according to nature of business?
There are six major types of business organizations i.e. Sole Proprietorship, Partnership, Corporation, Trust, S-Corporation, and Non Profit Organization. A business enterprise can be owned and organized in several forms. Each form of organization has its own merits and demerits. The ultimate choice of the form of business depends upon the balancing of the advantages and disadvantages of the various forms of business. The right choice of the form of the business is very crucial because it determines the power, control, risk and responsibility of the entrepreneur as well as the division of profits and losses. Being a long term commitment, the choice of the form of business should be made after considerable thought and deliberation. The choice of the form of business is governed by several interrelated and interdependent factors. Sole Proprietorship Partnership Corporation
Is an advantage of a sole proprietorship?
it is the least regulated form of business organization
For which form of business ownership are the owners of a business legally distinct from the business?
corporation
