Topic
Business Merits and Demerits
Instructions
Read pages 310-326 of Legal Environment of Business.
Consider the following as you read:
- As you think about the forms a business can take, consider as you read this chapter the balance of factors you need to take into account as you form that business; to decide solely based on cost or ease of formation, or personal liability or legal restrictions is dangerous. All of these factors, and others, need to be taken into account.
Write a post having 200 words.
Answer preview
Each business form has unique merits and demerits for the business life and the capability of the business to raise taxes and cash. As a business owner, one of the first decisions to make is how the business should be structured. It is clear that this decision will present long-term implications thus it is crucial to seek advice with an attorney or accountant to assist in choosing the form of business ownership that is right.
Word count: 201