starting a business discussion, business & finance homework help

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nlfo87

Business Finance

Description

Hi Tutors.. i will need a 2 pages minimum post (not including references page) Please include at least 3 references. Please use APA style and professional work. NO PLAGIARISM PLEASE... Answer ALL of the following questions to complete the work.

Question:

If you were starting a new business what type of organization, ie. sole proprietorship, partnership, limited liability company or corporation, would you select? What would be the advantages and disadvantages of your selected organization? Would you plan to change the type of organization structure during the life of your business? Why or why not?

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Explanation & Answer

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RUNNING HEAD: PARTNERSHIP

1

Partnership
Author's Name
Institutional Affiliation
Date

Partnership

PARTNERSHIP

2

Introduction
If I were to start a new business, I would consider Partnership type of organization. A
partnership form of business involves two partners or more partners with a common business
idea to come together and form a business. The partners should have adequate skills to the
form of partnership they are going to form, and this is advantageous specifically as a startup
business. I choose this type of business because it has low turnover, due to its legal structure
and the capital required is low and easy to rise compared to some form of busin...


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