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Essay Available:
Pages:
4 pages/β‰ˆ1100 words
Sources:
4 Sources
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 18.72
Topic:

Types of Organizational Business Structures

Essay Instructions:

About this Assignment
For this Corporate Finance 301 assignment, you will submit a research paper that analyzes the types of organizational business structures. You will apply knowledge of business structure concepts as acquired in the course. The research paper should follow APA formatting style.
Project Prompts
The written research paper should be at least 1,000 to 1,200 words in length and should include four sections based on the business structures studied throughout the course. Define each business structure, compare the corporate finance strategies of the four business structures, discuss the advantages and disadvantages of each business structure, and how each varies in taxation.
Research Paper Sections
Sole Proprietorship
Partnership
Corporation
Limited Liability Company (LLC)
Using Sources
You may refer to the course material for supporting evidence, but you must also use at least three credible, outside sources and cite them using APA format. Please include a mix of both primary and secondary sources, with at least one source from a scholarly peer-reviewed journal. If you use any Study.com lessons as sources, please also cite them in APA (including the lesson title and instructor's name).
Primary sources are first-hand accounts such as interviews, advertisements, speeches, company documents, statements, and press releases published by the company in question.
Secondary sources come from peer-reviewed scholarly journals, such as the Journal of Management. You may use like JSTOR, Google Scholar, and Social Science Research Network to find articles from these journals. Secondary sources may also come from reputable websites with .gov, .edu, or .org in the domain. (Wikipedia is not a reputable source, though the sources listed in Wikipedia articles may be acceptable.)
If you're unsure about how to use APA format to cite your sources, please see the following lessons:
What is APA Format? Definition & Style
How to Format APA Citations
Grading Rubric
Category Unacceptable (0-1) Needs Improvement (2-3) Good (4) Excellent (5) Points
Defining each business structure (x2) Definitions of structures are illogical or significantly hinders understanding Business structure definitions are difficult to identify; concepts are disjointed Business structures are well-defined and include sufficient supporting detail Business structures are well-defined and supporting detail exceeds requirements 10
Discussion of business structure advantages and disadvantages (x1) No discuss of business structure advantages and/or disadvantages Minimal discussion of business structure advantages and disadvantages Advantages and disadvantages are present but lack supporting detail Advantages and disadvantages include supporting detail and are well-written 5
Analysis of business structures (x2) The analysis of business structures is missing Analysis of business structures is not well-presented and lacks clarity Analysis adequately states the concepts of business structures Analysis of business structures is clear, logical, and well-written 10
Mechanics (x1) Incorrect spelling, punctuation, capitalization, and use of standard English grammar hinders understanding Several instances of incorrect spelling, punctuation, capitalization, and usage of standard English grammar Few instances of incorrect spelling, punctuation, capitalization, and usage of standard English grammar No or very few instances of incorrect spelling, punctuation, capitalization, and usage of standard English grammar 5
Total Points Possible 30
Before You Submit
When you are done writing your essay, we suggest taking some time to check for any errors or to add some final touches. We also suggest that you use online plagiarism checkers such as PlagScan or DupliChecker to make sure that your essay is not too similar to any existing materials. Plagiarized submissions will NOT be graded.

Essay Sample Content Preview:

Types of Organizational Business Structures
Student’s Name
Institution
Course Number and Name
Instructor’s Name
Date
Types of Organizational Business Structures
Sole Proprietorship
As the name suggests, a sole proprietorship is owned and run by an individual (Robison, 2021). This business structure is common among family-owned businesses and small businesses. The individual bears the overall financial responsibility for the company, implying that reaching out to investors and funding from banks is out of the question. Tax obligation in a sole proprietorship is also the sole responsibility of the owner. Tax returns from the company's income are filed alongside that of the individual income because the company is part and parcel of the individual's income.
Advantages of a Sole Proprietorship
Simplicity – it is the simplest business structure that requires little paperwork. It only requires the owner to declare a business.
Little formalities – the business's sole owner makes most business decisions only subject to legal and tax obligations.
Minimal business regulation – as the business structure applies mostly to small personal owned businesses, the regulations that often touch on large businesses, such as those on the number of employees, are an exemption to this kind of business structure.
Efficient management control – the sole owner has control over the assets and liabilities in this business structure, signifying that there is maximum attention paid to the company.
Disadvantages of a sole proprietorship
Challenges raising funds – the company's financial strengths are derived from the owner's equity. When the costs become unbearable to the individual, it implies the company would most likely crumble.
Puts personal assets at risk – in a sole proprietorship, the personal assets, even those not attached to the company, are liable to be used to offset the company’s liabilities.
Growth is inhibited – the growth of the business is solely dependent on the abilities of the owner, including financial and even managerial abilities.
Transfer of ownership can be difficult – in a sole proprietorship, the owner can only transfer assets and not the company to a new owner. The matters can be even more complex if the owner dies.
Partnership
Closely related to the sole proprietorship is the partnership business structure where two or more individuals come together to start a business. Like sole proprietorship, the partnership business structure recognizes the business as part of the owners and not as a separate entity. Tax is also filed the same way as the sole proprietorship, where income from the company is filed the same as the income of the individuals that form the partnership. In a partnership business structure, finances are raised by the individuals that form the partnership, and the guiding principles are well laid in an agreement contract or by a statute in a case where there is no contract. `
Advantages of Partnership
Relatively simple to understand and manage – just like in sole proprietorship, a business that adopts a partnership business structure is easy to form. The filing of taxes and profit share tha...
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