Youth Justice Term Paper

Total Length: 307 words ( 1 double-spaced pages)

Total Sources: 1+

Economics

Sole Proprietorship

Partnership

Corporation

Advantages

Simplest form of business to start.

The sole proprietor can keep all of the profits, 3. Self-Employment

Tax advantages from losses

easy to start this form of business.

Allows two or more people to collaborate in a team effort.

Limited Personal Liability.

Corporations are more capable of growth and expansion than other forms of business.

Corporations have an unlimited life which allows them to continue to exist even if the ownership changes.


Disadvantages

All Liabilities fall on the owner.

The life cycle of the business ends when the sole proprietor dies.

Owner may have to use their own assets to pay off the debt of the business

Responsibility for any liabilities incurred by the business is placed on the partners.

Partners are responsible for one another's actions.

Difficult to sell the interest in a partnership.

Corporations are often subject to double taxation.

2. The process of incorporating….....

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


Related Essays

Juvenile Delinquency Essay

Youth Justice, the top offense committed by juveniles is theft and larceny. This offense typically manifests as shoplifting, stealing a bicycle, or stealing from backpacks and lockers. The second type of offense is vandalism; this offense generally manifests as engaging in tagging and graffiti, scribbling on the walls of public bathrooms, keying a car and slashing auto tires (globalyouthjustice.org). The third most common incident involves the possession and consumption of alcohol. The fourth most common offense refers to “disorderly conduct” and this can involve things like fighting in public spaces,… Continue Reading...

sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Youth Justice" (2003, March 29) Retrieved May 22, 2025, from
https://www.aceyourpaper.com/essays/youth-justice-145957

Latest MLA Format (8th edition)

Copy Reference
"Youth Justice" 29 March 2003. Web.22 May. 2025. <
https://www.aceyourpaper.com/essays/youth-justice-145957>

Latest Chicago Format (16th edition)

Copy Reference
"Youth Justice", 29 March 2003, Accessed.22 May. 2025,
https://www.aceyourpaper.com/essays/youth-justice-145957