Question

If you owned a business, what types of forms would you create?

Explain why you would use the forms you have chosen.

Answer 1

if I would have owned a business, I would be most likely to use the business as a corporation because it will be helpful for me in order to grow and expand my business.

I would use the the corporate form of business because it will help me in-

A. Raising a large amount of money through venture capitalist and Angel investors at the initial stages

B. It will also provide me with the scope of limited liability on my part as a share holder.

C. It will also be helpful for me in order to to list the company in the long run on the stock exchanges

D. It can also be helpfu in order to expand through different Global markets

E.the ownership and management of company are always segregated so it would be beneficial in order to manage the company.