Prepare A Table Or Graphic Organizer To Illustrate The Three Most Common Forms Of Business Ownership In The U.sin Term Of Who Owns Them ,advantages And Disadvantages Of Each ,and Costs Associated With Their Respective Start -ups. You Should Also Include T

Common Forms of lineage Ownership in the USTable 1 : canvass of Types of Business Ownership in USForm of Business Percentage Advantages Dis favours Requirements to start up such businessSole Proprietorship 63 Easy tummy up understand .Personal liability self-employment tax .No state record postulatePartnership 5 Can allocate income and expenses as agreed among partners liable(predicate) for actions of other partners . Self-employment tax .Agreement surrounded by two or more parties . No state filing requiredCorporation 15 blow deductible wellness insurance , in full deductible medical reimbursement and fringe benefits plans , up to 50 ,000 loot are taxed at 15 if left in the pile preferably than at your higher personal income tax site .Cannot utilization corp . expenses to offset your personal income . if corp .
has a plenitude of profits , doublet taxation occurs give in filing requiredS-Corporation 8 No Social Security or Medicare taxes No health insurance deduction and confine deductions for home office shed light on filing requiredMLP 4 Combination of the tax benefits of a limited confederation with the liquidity of a publicly traded company .untempting to tax-deferred property , who must lose this tax saving advantage read filing requiredLLC 5 Limited Liability as in a corporation with pass through income benefits of a partnership . Self employment tax , unsettled and meagerly honor issues as to the legal and tax treatment of this entity .State filing r! equired Figure 1 : Pie Chart delegation for Percentage scattering of Business Ownership in USWorks CitedUnknown analyse Business Types 2001 . Business Name USA . 14 common people 2006O Rourke , Patrick crime syndicate . 2006PAGEPAGE 3...If you want to get a full essay, line of meshing it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay