acc - 220 - week 2 Proprietorships, Partnerships, and Corporations

Acc - 220 - week 2 Proprietorships, Partnerships, and Corporations

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In decisions to organize your business you have three different choices to start up your business. People have three choices, which include proprietorship, partnership, or corporation. A proprietorship is a company owned by one individual is known as a sole proprietorship. The companies are small proprietor of those businesses, which include barbershops, law organization, ranches, and small retail stores. With the proprietorship, people can form the marketing agency you need for your company. The process is easy to set up and offers you power in excess of the company. This is an alternative for individuals that have the desire to be the owner of a company but require additional aid putting together more funds to start up the company. A partnership is a company owned by additional individuals other than one individual. This option proposes some tax rewards. There must be a firm agreement among you and the partners defining the tasks every partner has and the profit everyone acquires from the company. Partnerships are typically companies, which include physician’s organization, law firms, larger
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Acc - 220 - week 2 Proprietorships, Partnerships, and Corporations

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