answersLogoWhite

0

  1. legal requirements
  2. liability and accountability
  3. continuity and transfer of ownership of the business
  4. management participation
  5. profit sharing
User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Other Business

How does sole proprietor partnership private company and public company influence the choice of business ownership factors?

The choice of business ownership is influenced by factors such as liability, taxation, and control. Sole proprietorships offer ease of setup and full control but come with unlimited liability. Partnerships allow shared responsibility and resources but can complicate decision-making. Private companies provide limited liability and can raise capital through private investors, while public companies have access to broader capital markets but face stricter regulations and oversight.


What are the basic factors to start a business?

1 Selection of line of business 2 Size of the firm 3 Choice of form of ownership 4 Location of business enterprise 5 Financing the proposition 6 Physical facilities 7 Plant layout 8 Competent and committed worked force 9 Tax planning 10 Launching the enterprise


What type of business is a mixture of private personal ownership and aspects of a corporation that delegates liability status of the person from the business?

The type of business you are describing is a Limited Liability Company (LLC). An LLC combines elements of both personal ownership and corporate structure, allowing owners (called members) to enjoy limited liability protection, meaning their personal assets are generally protected from business debts and liabilities. This structure also offers flexibility in management and taxation, making it a popular choice for small business owners.


What of the following types of businesses is a mixture of private personal ownership and aspects of a corporation that separates the liability status of the person from the business?

The type of business you are describing is a Limited Liability Company (LLC). An LLC combines elements of both personal ownership and corporate structure, providing its owners, known as members, with limited liability protection. This means that members are typically not personally responsible for the debts and liabilities of the business, protecting their personal assets. Additionally, LLCs offer flexibility in management and taxation, making them a popular choice for small businesses.


Factors affecting choice of business?

Factors Affecting the Choice of Business: Capital Availability: The size and nature of a business are greatly influenced by the amount of capital available. Market Demand: Sustainability is ensured through demand analysis. Skills and expertise: Success is influenced by individual or group skills. Government Regulations: Industry laws, taxes, and licensing all have an impact on choices. Location: It is critical to be close to infrastructure, clients, and raw materials.

Related Questions

What are the factors that influence the choice of forms of ownership?

Five factors that can influence the choice of for of business ownership?


Determine factors that will influence to choice between labor intensive and capital intensive technique?

Size of the business


How does sole proprietor partnership private company and public company influence the choice of business ownership factors?

The choice of business ownership is influenced by factors such as liability, taxation, and control. Sole proprietorships offer ease of setup and full control but come with unlimited liability. Partnerships allow shared responsibility and resources but can complicate decision-making. Private companies provide limited liability and can raise capital through private investors, while public companies have access to broader capital markets but face stricter regulations and oversight.


What factors will influence your choice of a medium of communication?

no


What are 3 factors that influence your choice of physical activities?

h


What are three factors that influence?

Genetics, Environment, and Voluntary Choice


What is a factors affecting choice of business?

technological factors,economic factors and social cultural factor


What are three factors that influence happiness?

Genetics, Environment, and Voluntary Choice


Why do cutomers influence businesses?

Customers influence businesses to a great extent. In cunsomer durable business, customer's choice/selection play a pivotal part. Similarly in savings products, insurance business, customer's savings habits, life standards are the deciding factors for the growth of these types of businesses.


What is the two types of business ownership?

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 are the basic factors to start a business?

1 Selection of line of business 2 Size of the firm 3 Choice of form of ownership 4 Location of business enterprise 5 Financing the proposition 6 Physical facilities 7 Plant layout 8 Competent and committed worked force 9 Tax planning 10 Launching the enterprise


What factors tend to influence party choice?

- The Age - Place Of Residence - Level Of Education and - Work Environment