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Business Formation Article Review ARTICLE REVIEW UNIVERSITY OF PHOENIX DATE: November 19, 2007 TO: Garth Ferrell FROM: * RE: Business Formation Aggarwal, Mansi.
Business Formation Article Review ARTICLE REVIEW FORMAT MEMORANDUM UNIVERSITY OF PHOENIX DATE: November 19, 2007 TO: Garth Ferrell FROM: * RE: Business Formation
is usually credited with its coining through the article he wrote in 1983 for the Harvard Business Review entitled "Globalization of Markets". The more encompassing
Stimulate Responses from the NCAA and the Newly Formed Student Basketball Council" Section 1: Executive Summary I. Introduction This law review, written by John Slossen
College of Business & Economics, California State University Northridge, 18111 Nordhoff Street, Northridge CA 91330-8376, USA, franck.vigneron@csun.edu. Correspondence
Submitted by raavyn on December 22, 2007
Category: Business
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ARTICLE REVIEW FORMAT
MEMORANDUM
UNIVERSITY OF PHOENIX
DATE: November 19, 2007
TO: Garth Ferrell
FROM: ***** *****
RE: Business Formation
Aggarwal, Mansi. (2006, February 06). Business Formation. EzineArticles. Retrieved November 19, 2007, from http://ezinearticles.com/?Business-Formation&id=140409
ARTICLE SYNOPSIS
The article reviewed in this paper describes the various benefits and disadvantages of sole proprietorships, forms of partnerships and forms of corporations. A sole proprietorship is an entity where one person owns the business, having all profits for his or herself but has sole responsibility for losses and legal and tax issues. A partnership is the structure involving two or more people owning the business, sharing the responsibilities and profits, but having a greater chance of failure due to disputes among the owners. A corporation is when the entity is owned by a group of owners or stockholders who are unaffected by profits or losses and enjoy tax advantages, but lose autonomy and don't have much say in decisions. Once the structure of the business entity is decided upon, there are still many decisions to make before opening the doors' to consumers. These decisions include operations, goals and aims, business targets, the means available to achieve those targets, location and finances.
LEGAL ISSUE
A massive amount of planning and management are needed to start a successful business. The business entity structure is the first decision to be made before opening the doors. There are benefits and disadvantages to all forms, and this must be researched thoroughly before taking the next step of constructing a business plan.
MANAGERIAL PERSPECTIVE
With research and thought, there should be no real legal issues connected with this article. When the owner or owners of a new business know...
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