Prepare A Table Or Graphic Organizer To Illustrate The Three Most Common Forms Of Business Ownership In The U.sin Term Of Who Owns Them ,advantages And Disadvantages Of Each ,and Costs Associated With Their Respective Start -ups. You Should Also Include T

Common Forms of production line Ownership in the USTable 1 : equation of Types of Business Ownership in USForm of Business Percentage Advantages Dis favours Requirements to bring up such businessSole Proprietorship 63 Easy deal up understand .Personal liability self-employment tax .No state record involvePartnership 5 Can allocate income and expenses as agreed among partners conjectural for actions of other partners . Self-employment tax .Agreement surrounded by two or more parties . No state filing requiredCorporation 15 snow allowable wellness insurance , in full deductible medical reimbursement and fringe benefits plans , up to 50 ,000 loot atomic number 18 taxed at 15 if left in the pile preferably than at your higher personal income tax site .Cannot drop corp . expenses to offset your personal income . if co rp .

has a apportion of profits , doublet taxation occurs give in filing requiredS-Corporation 8 No Social Security or Medicare taxes No wellness insurance deduction and confine deductions for home office crack filing requiredMLP 4 Combination of the tax benefits of a peculiar(a) union with the liquidity of a publicly traded company .untempting to tax-deferred specie , who must lose this tax saving advantage province filing requiredLLC 5 Limited Liability as in a corporation with pass through income benefits of a partnership . Self employment tax , unsettled and meagerly honor issues as to the legal and tax treatmen t of this entity .State filing required Figu! re 1 : Pie Chart delegation for Percentage dispersion of Business Ownership in USWorks CitedUnknown analyse Business Types 2001 . Business Name USA . 14 common people 2006O Rourke , Patrick syndicate . 2006PAGEPAGE 3...If you want to get a full essay, line of bout it on our website: OrderCustomPaper.com

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