the likelihood of agency problem in three major forms of business organizations namely, proprietorship, partnership with 5 partners and corporation with 100000 stockholders

Question

Capture in a table/matrix the similarities and differences between a private corporation and a cooperative. Please give atleast 5 similarities and 5 differences. Which of the two will you suggest to an individual that intends to put up a business, and why? (atleast 5 senteces) THANK YOUUU <3

Answer 1

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 1, Problem 19PROB

Summary Introduction

To determine: the likelihood of agency problem in three major forms of business organizations namely, proprietorship, partnership with 5 partners and corporation with 100000 stockholders

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Capture in a table/matrix the similarities and differences between a private corporation and a cooperative. Please give atleast 5 similarities and 5 differences. Which of the two will you suggest to an individual that intends to put up a business, and why? (atleast 5 senteces) THANK YOUUU <3

Answer the following question in your own words: Explain the following corporate structures. Limited Liability Company (LLC) Joint Stock Company General Joint Stock Company (SAOG) Joint Venture Holding Company Commercial Agent

For the three major forms of business, LLC, partnership, and corporation, discuss two advantages and two disadvantages of each on taxation, equity owner's legal liability, and relative voice in day-to-day business management.

Answer 2

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 1, Problem 19PROB

Summary Introduction

To determine: the likelihood of agency problem in three major forms of business organizations namely, proprietorship, partnership with 5 partners and corporation with 100000 stockholders

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 3

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 1, Problem 19PROB

Summary Introduction

To determine: the likelihood of agency problem in three major forms of business organizations namely, proprietorship, partnership with 5 partners and corporation with 100000 stockholders

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Answer 4

Question

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 1, Problem 19PROB

Summary Introduction