Like many have stated above, I do not believe the choice of which type of company to create will highly impact the profit or success of the business. A more relevant point to look at would be the number of…   Read more»

Since the partnership corporation can pursue my personal finance, I personally think it is not save at all even if my partner were one of family members. Also, finding someone I trusted today is easy, but I can’t say that…   Read more»

Since I want to avoid the responsibility of running a company, I would want to be a silent partner in a Limited Liability Company (LLC). Also, the business is not die when one of the partners died, so it is…   Read more»

As all participants mentioned, the number of people that are going to startup the business shortens the corporations choices like writing off sole proprietorship from choices if more than person are going to initiate a company. Also, the other factor…   Read more»

Private companies are not required to publicly disclose financial information, while public companies are required by the Securities and Exchange Commission to file an annual report documenting their performance in detail. The main advantage public companies have is that they can…   Read more»

In a sole proprietorship, the owner of the business and the business are a single entity and this person is completely responsible for the operation of the company. The proprietorship cannot be transferred to somebody else. The solution might be…   Read more»

In the lecture, companies including Limited Liability Company vs Corporation vs Sole Proprietorship vs partnership are classified based on the way of operating business, how many people own the business, and how the company relates to the owners. The luxury…   Read more»

Prior to this lecture, I don’t believe I really put any thought into this topic. To say I’m an engineer, it makes sense that I was unfamiliar with just about all of the corporation types, and what exactly each one…   Read more»

In short, there really is not a correct answer to this question. Although of course an influence, the type of corporation chosen will not determine if a business is going to be successful or not. Many more factors, other than…   Read more»

I would want to be part of an LLC if I would to start my own business. I chose it over Sole and partnership because I would want my business to continue even after I’m gone, and have my kids…   Read more»

It is true that the initial cost of investment with a partnership will be split between the partners; however, I would not consider this a lower risk for a few different reasons. First, just as you are splitting the cost…   Read more»

When starting a business, it is important to choose the right corporation that fits your needs as well as your family’s needs. Some people choose sole proprietorship because it is the easier option and there are less risks associated with…   Read more»

If I were to choose between the two, I would go with partnership. The advantages and disadvantages in both are very similar, but having a partner to run the business with you is of a great help. The responsibilities can…   Read more»

I very well agree with the previously mentioned posts that successful partnership can be formed based on the size of the business and number of people who wish to be the partners. Once the agreement addresses how decision-making power will…   Read more»

I agree with the previous posts. There are many benefits in DBA compared to a LLC. The benefits are listed in the below link are – Compliance, Business banking and Flexiblity.  https://exitpromise.com/what-is-a-dba/ Another advantage is the low-cost and easy to…   Read more»

If I were to start my own business in a Medical Device setting, I would choose a partnership route. By this way I have complete control of the process and also by joint venturing with another partner who is well…   Read more»

Posted by: @bb254 If you were to have ownership of a corporation, which type of corporation would you want to be an owner of?a. Sole Proprietorshipb. Partnershipc. Limited Liability Partnershipd. Limited Liability Companye. Running Corporationf. Corporation (S Corp. or C…   Read more»