FIN 310 U1 DB1 - 3 Forms of a business organization - 36746

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What are the 3 forms of business organization, and what are the advantages and disadvantages of each form? For a corporation, what is the overall goal of the financial manager? Do you agree with this goal? Why or why not?

Please create a new topic on the course Discussion Board that contains your answers to the above questions

Discussion Board Assignment Guidelines:

  • Using the course materials and Web resources, research the three different types of business organizations.
  • Answer the following questions:
    • What are the three forms of a business organization?
    • What are the advantages and disadvantages of each form?
    • For a corporation, what is the overall goal of the financial manager?
    • Do you agree with this goal?
      • Why or why not?
Solution Description

 

What are the 3 forms of business organization, and what are the advantages and disadvantages of each form? For a corporation, what is the overall goal of the financial manager? Do you agree with this goal? Why or why not?

 

A business organization is defined as an entity created for the purpose of conducting an industrial or commercial enterprise (“Business organization,” n.d.). The following are the most popular forms of a business organization:

Ø  Sole Proprietorship (Brooks, 2013)