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Accounting
- Choose one nature of organization (SINGLE PROPRIETOR, PARTNERSHIP, CORPORATION) - Based on your choice you need to cite the following - Advantages: If your chosen nature of organization in terms of 1. Formation 2. Tax benefits 3. Decision making Disadvantages: If your chosen nature of organization in terms of 1. Liability 2. Taxes 3. Lack of "continuity" 4. Difficulty in raising capital

- Choose one nature of organization (SINGLE PROPRIETOR, PARTNERSHIP, CORPORATION) - Based on your choice you need to cite the following - Advantages: If your chosen nature of organization in terms of 1. Formation 2. Tax benefits 3. Decision making Disadvantages: If your chosen nature of organization in terms of 1. Liability 2. Taxes 3. Lack of "continuity" 4. Difficulty in raising capital

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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+ Choose one nature of organization (SINGLE PROPRIETOR, PARTNERSHIP, CORPORATION) + Based on your choice you need to cite the following + Advantages: If your chosen nature of organization in terms of 1. Formation 2. Tax benefits 3. Decision making Disadvantages: If your chosen nature of organization in terms of 1. Liability 2. Taxes 3. Lack of "continuity" 4. Difficulty in raising capital
Transcribed Image Text:+ Choose one nature of organization (SINGLE PROPRIETOR, PARTNERSHIP, CORPORATION) + Based on your choice you need to cite the following + Advantages: If your chosen nature of organization in terms of 1. Formation 2. Tax benefits 3. Decision making Disadvantages: If your chosen nature of organization in terms of 1. Liability 2. Taxes 3. Lack of "continuity" 4. Difficulty in raising capital
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