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Operational Procedures For A Business Plan

Operational Procedures for a business plan

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Title: Operational Procedures for a business plan

Essay Details:

Subject: Business

Author: Jeffery K

Date: May 5, 2015

Level: University

Grade: A

Length: 1 / 230

Essay text:

When considering a business structure, you have three basic choices- sole proprietorship, partnership and corporation – each with it’s own advantages and disadvantages. Business Structure Advantages Disadvantages Sole Proprietorship Full Profits Personal liability Partnership Easy to form Unlimited liability to all partners Corporation Corporation protects you from personal liability Higher taxes Subchapter S Corporation S corporation avoids double taxation penalty Limited to companies with fewer than 75 shareholders. Limited liability Corporation Protects the partners against personal liability but passes tax income Guidelines are different in each state...

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