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- Define the following types of organizations and give an example of each. Also, how are profits taxed in each organization? Sole proprietorship Partnership LLC S-Corporation C-Corporation Which of the above organizations do you think would be the best for a start-up? Why?6. Describe each of the four types of business partnerships.What s the biggest advantage to having a corporation as opposed to a partnership or a sole proprietorship?
- What opportunities or challenges do you foresee as you set off toresolve an issues and revive a business?Why is the S Corporation as a business entity no longer as popular as it once was?What are the two major directions a corporation can go in seeking growth? What are the major options within each?
- 2. Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents? DisscussCan the main four Business Philosophies be consolidated and turn into a simultaneous company activities? What will be the possible results? Will there be any advantages and Disadvantages?What are the differences between classic, multipreneurs, and intrapreneurs?