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Justification For Using A Corporate Business

Justification For Using A Corporate Business Structure

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Title: Justification For Using A Corporate Business Structure

Essay Details:

Subject: Business

Author: Raymond J

Date: June 5, 2015

Level: University

Grade: A

Length: 4 / 1133

Essay text:

It is the simplest business structure to set up and maintain. A partnership is one better than a proprietorship because it has partners sharing the managerial role. It also has the ease of formation through a simplistic partnership agreement with low start up costs supplied from the greater sources of capital available. Profits are split between each owner and this provides a tax benefit of lower tax outcome. A company is the most superior out of the three structures. It is a separate legal entity unlike the other two, meaning that there is limited liability amongst its shareholders, thereby safeguarding their personal assets...

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