A CORPORATION IS THE WAY

A Corporation is the Way
Esteban Maldonado

A CORPORATION IS THE WAY

Abstract
This is a management decision that has been made through research on a Corporation. By comparing a sole proprietorship, partnership, and a Corporation, the decision has been made to go with a Corporation.

A CORPORATION IS THE WAY

A Corporation is the Way A Corporation was the best decision to make to open a new production company. It has been very useful by many companies around the world to start their business. So by comparing a sole proprietorship, a partnership, and a Corporation, it was made that the corporation was best due to its many facts and benefits. A sole proprietorship is owned by a single person and is the most basic. It does not cost much to start a first which would be an advantage due to the low funds. The main advantages of a sole proprietorship are a startup filing fees are minimal and no separate income tax return is required for the business itself (e.g., Tulley, Matthew B, 2008). The bad part about it is this would put the sole proprietor liable for any debts and lawsuits. A partnership would be a good idea also but it has many issues that would not be best for the situation. The inventor would have to agree to many things and split the profits with the other partner. Some advantages are no double taxation of income at both the partnership level and at the individuals