Business Organization Assignment Example | Topics and Well Written Essays - 250 words

Business Organization - Assignment Example maven of the benefits of an LLC is the limited liability characteristic of a corporation. Another benefit is that the LLC can negotiate in its own terms how the profits are distributed among the owners. particular liability companies do not endure double taxation like corporations.A partnership is an commensurateness between two or more people in which the members contribute capital, knowledge, time, and resources towards a affair venture. One of the best attributes of partnerships is that the business has multiple owners that can contribute in different manners towards the organization. Partnerships are oftentimes used in professions such as law, medical practices, and business consultants. A fourth type of business arrangement is touch on proprietorship. A sole proprietorship is a business that is owned by altogether one person. These types of businesses are often small and on many occasions there is no detachment between ownership and management since the owner has the dual function. The majority of businesses in the United States are sole