What is the major difference between the franchisee–franchisor relationship and the agent–principal relationship? How is the agency relationship used in a corporation and a partnership?
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What is the major difference between the franchisee–franchisor relationship and the agent–principal relationship? How is the agency relationship used in a corporation and a
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- What are the advantages of operating a business as a partnership rather than as a corporation? What are the disadvantages?Which form of business structure typically has the greatest potential for agency problems? Limited partnership General partnership Sole proprietorship Limited liability company CorporationHow does running a company as a partnership as opposed to a corporation benefit the parties involved? What are the drawbacks of this approach?
- What are the differences in whether a limited liability company is member-managed or manager-managed? Does the election of one form of management create a difference in the fiduciary duties of members of a limited liability company? Explain your answer.What are the distinctions between Corporation and Partnership?What are the key differences among proprietorships, partnerships, and corporations?