Business Finance Homework Help

Only assigned readings are allowed

Instructions

To assist in this process, Winnie and Ralph asked you to assess several business structures and their characteristics advantages and disadvantages for Clean. Those structures are:

• General Partnership
• Limited Partnership
• Limited Liability Partnership
• General Corporation
• Limited Liability Company

1. Chart You Need to Prepare:

Create a comparison matrix (https://www.educationworld.com/tools_templates/cc_nov2002.doc) that shows the five types of business structures and compares and contrasts each type of business structure.

You may use the chart format in the hyperlink above, or create a similar chart, or create an excel chart.

The chart should include several areas for comparison, i.e., the procedure for formation, cost of formation, etc. The chart should consist of various types of liability for comparison.

The chart should be an in-depth and comprehensive comparison.

Ensure the pros and cons of each organizational structure are easily and compared in the chart.

2. Report You Need to Prepare: Write a report to Clean owners:

A. recommending a business structure for Clean that best minimizes tax and personal liability for the new business and its owners

B. explaining and justifying your recommendation, specifically and in detail.

Tips for Formatting Report: The report should use the following format

Report

TO: Winnie James, Ralph Anders

FROM: (your name)

RE: Clean Business Structure

DATE:

1.

2.