Question

Key questions Summarize the differences between the basic business forms listed below: Sole Proprietorship Partnership Corporation Regulation Taxation Liability Continuity Transferability of Ownership Management Structure Ability to Rose Capital Presentation English United States

Answer 1

Companies have to follow the Differences between basic business forms. Sole Proprietorship Partnership Corporation Regulation sole proprietors In a Partnership have least government form of business, rules and regulation there must be atleast males and regulations St is not governed two partners who of legal regimes share profits and Need articles of Need federal or tosses Partnership Ancorporation by State tax numbers should have a written law Partnership Agreement by any . وسما Taxation Single Taxation Single Taxation Double Taxation Liability Liability is Uability is unlimited liability is limited Unlimited in this in Partnership in corporation form of business business form continuity When owner dies, When Partner leaves. Even if owner it comes to an the agreement dies it continues end should be revised. forever- Transfer of Transfer of Ownership ownership is not Transfer of ownership Transfer of is possible based Partnership Agreement possible in corporation Ownership iš possible here Management Sole Proprietorship Partnership congists Corporation consists structure is most common of two or more of one board of and simple structure people who share directors, & officers, It is owned and ownership employees, owneul run by one person shareholders - MAT

Ability to Sole Proprietor Partnership can raise capital has limited liability raise the capital naise capital to raise capital from investors Corporation can easily from investors of equity Presentation It consists of only It shows the Here, it explains one account which capital of each in any changes in financial partner Separately capital of company, Statements Account retained earnings reserves etc. is called Capital at end of year