Compare and Contrast the Following Forms of Business Organization as to Ease

question 42

Essay

Compare and contrast the following forms of business organization as to ease of formation,liability of owners,management,and tax implications: sole proprietorship,general partnership,limited liability company,and corporation.

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Definitions:

Greenfield Venture

Refers to a type of foreign direct investment where a parent company starts a new venture in a foreign country by constructing new operational facilities from the ground up.

Wholly Owned Subsidiary

A company whose entirety of shares is held by another corporation, the parent company, thus giving the parent complete control.

E-Commerce Firm

A company that conducts its business transactions through the internet.

Entry Tactic

A strategy employed by businesses to enter a new market, overcome barriers, and compete effectively.