Forms Of Business Organizations Research Paper Example | Topics and Well Written Essays - 2000 words

Forms Of production line Organizations - Research Paper ExampleThe disadvantages of corporations include the need to comply with more legal piddlealities identical filing of annual returns, obligation to comply with more federal rules and regulations and the fact that it is expensive to form and melt compared with other credit line forms e.g. sole proprietorship and partnerships. Analyzing the advantages and disadvantages of corporations in light of the farming business of the four brothers, this form of business will not ensure be advisable as it will not attend the preferences of the owners. First, having a corporation will not give them the powers to determine the ownership and limit it to the members of the family. It will to a fault not guarantee the adherence to the Christian beliefs and norms. Besides, having a C corporation will deny them the cleverness to determine the management of the business hence Xavier may not have the opportunity to offer his acquaintance and skills. A C corporation demands that a board is constituted and the board will have the mandatory of monitoring the operation by formulating policies and determining who to manage the business. In conclusion, the form of business determines the manner in which the business will be operated and managed apart from determining the amount of taxes to be paid and other reportage requirements, It is therefore important that before a decision is made, the owners of the business should carefully analyze the merits and demerits of each business form in order to make decisions that will ensure their demands are met.