FINA 310 Unit 1-5 Discussion Boards - 37398

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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?

 

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)

Ø  Partnership (Brooks, 2013)

Ø  Corporation (Brooks, 2013)

Sole Proprietorship is identified as the most popular and simplest form of an individually owned business (Brooks, 2013).  There are multiple advantages of a proprietorship:

Ø  Easy and inexpensive to establish

Attachments
U1 DB1 Business Organizations.docx
U1 DB1 Business...
U2 DB2 Financial Ratios.docx
U2 DB2 Financia...
U3 DB3 Small Investors and the Stock Market.docx
U3 DB3 Small In...
U4 DB4 Corporate Acquisitions.docx
U4 DB4 Corporat...
U5 DB5.docx
U5 DB5.docx