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Stuck Writing Your "Sole Proprietorship" Term Paper?
personal dividends from profits (Dahl, 2015). The S Corp would also be much better than starting a sole proprietorship because the latter would leave West exposed to lawsuit: with the corporation, he is better protected in case of accident. Even though West's company is currently small, he does plan to expand in the coming years -- and with expansion, the assumption is that profit will follow. Also, with… Continue Reading...
delineation, an LLC is a distinctive form of private limited company that incorporates and assimilates the tax structure of a sole proprietorship or partnership business forms with the limited liability of a company (Warda, 2007). This form of business does provide a number of benefits. To begin with, in the event of legal suits, the owner of the business is protected and shielded from any sort of personal liabilities in different situations. With a limited liability corporation, if a client or consumer files a legal suit against Autodine Restaurant owing to financial issues and goes through, the personal assets and possessions of the owners cannot be claimed due to the… Continue Reading...
