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- Define the following types of organizations and give an example of each. Also, how are profits taxed in each organization? Sole proprietorship Partnership LLC S-Corporation C-Corporation Which of the above organizations do you think would be the best for a start-up? Why?6. Describe each of the four types of business partnerships.What s the biggest advantage to having a corporation as opposed to a partnership or a sole proprietorship?
- What opportunities or challenges do you foresee as you set off toresolve an issues and revive a business?Why is the S Corporation as a business entity no longer as popular as it once was?2. Can we call someone an entrepreneur if they bought an ongoing business from someone else or took over the operations of a family business from their parents? Disscuss
- What are the two major directions a corporation can go in seeking growth? What are the major options within each?Can the main four Business Philosophies be consolidated and turn into a simultaneous company activities? What will be the possible results? Will there be any advantages and Disadvantages?What are the differences between classic, multipreneurs, and intrapreneurs?