+ 1-888-787-5890  
   + 1-302-351-4405  

Essay/Term paper: The advantages and disadvantages of incorporating a business

Essay, term paper, research paper:  Economics

Free essays available online are good but they will not follow the guidelines of your particular writing assignment. If you need a custom term paper on Economics: The Advantages And Disadvantages Of Incorporating A Business, you can hire a professional writer here to write you a high quality authentic essay. While free essays can be traced by Turnitin (plagiarism detection program), our custom written essays will pass any plagiarism test. Our writing service will save you time and grade.

The Advantages and Disadvantages of Incorporating a Business

In order to mention all the advantages and disadvantages of
incorporating a business, first I should try to explain what a corporation is.
In 1819, Chief Justice Marshall of the United States Supreme court said: " A
corporation is an artificial being, invisible, intangible, and existing only in
contemplation of the law." In the Webster's College Dictionary corporation is
defined as "an association of individuals, created by law and having an
existence apart from that of its members as well as distinct and inherent powers
and liabilities." A corporation is divided into many units called shares of
stock. The owners of the stock are called stockholders or shareholders. One of
the advantages of incorporating a business is that because a corporation has a
legal existence, shares can be sold at any time without affecting the operations
of the corporation. Also, shares can be bought at any time. Another big
advantage of incorporating a business is that corporation have limited
liabilities. This means that the corporation is responsible for its own acts and
obligations under the law. This characteristic protects the stockholders of the
corporation because the only financial loss that they may suffer is limited to
the amount invested. Also, the creditors of the corporation can not go beyond
the assets of the corporation to satisfy their claims.
The stockholders or the shareholders are the ones who have control over
the management of a corporation's operation and activities. They are the ones
who elect the board of directors, and the board of directors are responsible to
the stockholders. Also, the board of directors are responsible for the
management of the day-to-day operation of the corporation. They also decide
when and how much of their income to give to the stockholders or shareholders.
Another characteristic that can be an advantage of incorporating a
business is that corporations may be organized for nonprofit organizations such
as colleges, hospitals, and others humanitarian purposes. However, most of the
corporations are organized to earn a profit for stockholders.
The biggest disadvantage of a corporation is that corporations are
subject to taxes. Corporations are not like proprietorship and partnership
forms of organization, they must pay federal income taxes. Also, stockholders
must pay income taxes on any dividends distributed to them. So, all the
corporations are being tax twice and it is what is call double taxation.
There are many advantages of incorporating a business. Before any body
decide to do that, they should study every case in a particular way and decide
if it is worth it to incorporate a business. Most of the biggest business in
the world have become corporations because it is easy to control and better way
to get new capital.


Other sample model essays:

Bill Clinton - Redefines Democratic-Republican In the early 1800's, the United States was but a promising seedling in search of viable political direction. The initial parties were known as t...
Burger King and Its Advertising Campaigns Burger King is a reliable burger company which has had its ups and downs. In 1974, it came out with a slogan of "Have it your way" and at this tim...
Crime and the Black Market in Modern Day China With a population of approximately 1,203,097,268 people , China, who has the world's largest population, also has the world's fastest growing ...
Management / Bombardier Report
Bombardier Report Analysis of Bombardier: Bombardier took on its present form in 1976 when MLW-Worthington, a manufacturer of locomotives, acquired Bombardier Ltd., a manufacturer of snow ...
Broadcasting and Programing Steiner's Model Steiner's model on programming preferences and broadcasting choices tries to show how stations come to the conclusion of what programming to show...
International Business Ventures Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the ...
The Bubble Economy of Japan The Economy of Japan had experience a tremendous growth since the end of the Korean war. The growth of GNP in 1967 and 1968 was above 10 % (double digit growth ...
Economics / Budget 97
Budget 97 Finance Minister Paul Martin unveiled the Liberal government's 1997 budget recently. As most economic and political experts predicted there were very few surprises, if any....
Business Process Redesign or Reengineering Business Process Redesign (BPR) or Reengineering is "the fundamental rethinking and radical redesign of business processes to achieve dramatic im...
Book Review of Business Policy and Strategy: An Action Guide Submitted in partial fulfillment of B.S. in Business Administration Century University, New Mexico Grade...
Experience with Dream Essay - Reliable and great customer service. Quality of work - High quality of work.
, ,
Dream Essay - Very reliable and great customer service. Encourage other to try their service. Writer 91463 - Provided a well written Annotated Bibliography with great deal of detail per th
, ,
it is always perfect
, ,
The experience with Dream Essay is stress free. Service is excellent and forms various forms of communication all help with customer service. Dream Essay is customer oriented. Writer 17663
, ,
Only competent & proven writers
Original writing — no plagiarism
Our papers are never resold or reused, period
Satisfaction guarantee — free unlimited revisions
Client-friendly money back guarantee
Total confidentiality & privacy
Guaranteed deadlines
Live Chat & 24/7 customer support
All academic and professional subjects
All difficulty levels
12pt Times New Roman font, double spaced, 1 inch margins
The fastest turnaround in the industry
Fully documented research — free bibliography guaranteed
Fax (additional info): 866-332-0244
Fax (additional info): 866-308-7123
Live Chat Support
Need order related assistance?—Click here to submit a inquiry
© Dreamessays.com. All Rights Reserved.
Dreamessays.com is the property of MEDIATECH LTD