Leagal Aspects Of Health Care

Describe the characteristics and requirements of a fraternity, a confine collaborationistship, and a spring liability friendship. Analyze the advantages and disadvantages with using each determine of entity. A club is a good entity, meaning it is a exonerated entity from its owners who are called stockholders. A corporation is treated as a person with most of the rights and obligations of a real person. A corporation is not allowed to hold human beings office or vote, save it does pay income taxes. It may be established as a profit making or nonprofit organization and may be publicly or privately held. The stock of a public company is traded on a stock exchange. in that location may be thousands, even millions, of stockholders in a public company. Stock of a privately held company is not traded on an exchange and there are usually still a small number of stockholders. A throttle compact is a anatomy of partnership similar to a common partnership, turn out that in addition to one or more widely distributed partners , there are one or more limited partners (LPs). It is a partnership in which wholly one partner is required to be a general partner. A limited liability company (LLC) is a fictile form of enterprisingness that blends elements of partnership and corporate structures.

It is a legal form of company that provides limited liability to its owners in the extensive majority of joined States jurisdictions. LLCs do not need to be organized for profit. A corporation: Advantages 1.Owners personal assets are protect from business debt and liability 2.Corporations defe cate unlimited life extending beyond the ill! ness or terminal of the owners 3.Tax free benefits such as insurance, travel, and retirement plan deductions 4.Transfer of will power facilitated by sales event of stock 5.Change of ownership need not ingrain circumspection 6.Easier to raise capital through sale of stocks and bonds Disadvantages 1.More expensive to form than proprietorship or partnerships 2.More legal formality 3.More state and national rules...If you need to get a full essay, order it on our website: OrderCustomPaper.com

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