Post a New Question

Business Law Environment

posted by on .

The three main types of business organizations are partnerships, LLCs and corporations. Using the text and the comments to this chapter provide the following information.
a. Describe the formation process for each – formal, informal, etc.?

b. Describe the liability of the “owners” (partners, shareholders, members) for the debts of the business. This must include a full explanation with some examples for each.
c. What is the duration of the “life” of each of these organizations?
d. If you were forming a business entity and had no intent to go public (sell stock on the stock exchanges), what form would you use and why?

  • Business Law Environment - ,

    Please note that we don't do students' homework for them. Nor do we have access to your text. Be sure to go back into your textbook or use a good search engine. http://hanlib.sou.edu/searchtools/

    Once YOU have attempted to answer YOUR questions, please re-post and let us know what you think. Then someone here will be happy to comment on your thinking.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question