Choosing a Business Structure.

May 12th, 2015
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University of Charleston
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According to the current situation of the business world the best business structure that one should choose to start his/her would be corporation type structure.

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Business StructureChoosing a Business Structure According to the current situation of the business world the best business structure that one should choose to start his/her would be corporation type structure. Corporation is a form of business that creates separate and different legal entity which is mutually owned by several shareholders or investors [www.hg.org (2015)].The reason that why one should this business structure is its number of advantages, one of them which is the company itself held accountable for all the debts and liabilities the business incurs or arouses. There are lot of other justifications as well which can be quote to give a rationale that corporation structure is the best type business structure to choose. For example, owners and holders have right to use corporate loss to offset or neutralize income from other ways or sources. Owners are able to break and divide the profit among all owners and corporation which will lower the overall taxation rate. No owner have personal responsibility of Owners have no personal liability for malpractice and illegal actions of other owners. So here were some of the advantages which can make anyones mind to choose corporation as their business structure [www.inc.com (2000)].There are other advantages as well. It is really easy to raise money in a corporation business. Company can increase its capital by issuing stocks and bonds to a public or other businesses. This activity will make tr

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