Chapter 4 M Business and NOTES.pdf - We begin part 2 of your textbook Starting and Growing a Business with chapter 4 Options for Organizing Business 1

Chapter 4 M Business and NOTES.pdf - We begin part 2 of...

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We begin part 2 of your textbook, Starting and Growing a Business, with chapter 4, Options for Organizing Business. 1
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In chapter 4, we take a look at various options for organizing business. This chapter examines three primary forms of business ownership—sole proprietorship, partnership, and corporation—and weighs the advantages and disadvantages of each. These forms are the most often used whether the business is a traditional bricks and mortar company, an online-only one, or a combination of both. We also take a look at S corporations, limited liability companies, and cooperatives and discuss some trends in business ownership. You may wish to refer to Table 4.1 in the text to compare the various forms of business ownership mentioned in the chapter. 2
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After reading this chapter, you will be able to: 1.Define and examine the advantages and disadvantages of the sole proprietorship form of organization. 2.Identify two types of partnership, and evaluate the advantages and disadvantages of the partnership form of organization. 3.Describe the corporate form of organization, and cite the advantages and disadvantages of corporations. 4.Define and debate the advantages and disadvantages of mergers, acquisitions and leveraged buyouts.3
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  • Spring '14
  • BernardE.Imhoff
  • Business, Corporation, Types of companies

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