This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the difference between a type S corporation and a limited liability company? What will be ... (Read 115 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jul 26, 2018
What is the difference between a type S corporation and a limited liability company?
 
  What will be an ideal response?

Question 2

What is a divisional organization and what are its advantages and disadvantages?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jul 26, 2018
Answer to Question 1

A type S corporation is a special type of corporation in which profits are taxed at the personal tax rates of each individual stockholder. A limited liability company is owned by two or more owners, and the owners' liability is limited to their investments. The profits are taxed at the personal tax rates of individual owners.

Answer to Question 2

A divisional organization uses an organizational breakdown consisting of multi-function divisions. The advantages of the structure are: focuses on products, customers, and markets; recognizes interdepartmental interdependencies; fosters cohesion; ensures accountability; allows diversification; increases strategic and operational control; and allows sharing of resources across functional areas. Disadvantages are: inefficient use of resources, limits career advancement within functional areas, and may lead to dysfunctional competition among divisions.


nautica902

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Jul 26, 2018
Thanks


ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Reply #3 on: Jul 26, 2018
Welcome :)


« previous next »
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells Elastic fibres are made of elastin, one type of structural protein found in the ECM of animal cells
The Type C killer whale The Type C killer whale
The Stillwater Mining Company The Stillwater Mining Company
Sheridan Motors is a car dealership that would like to investigate if there is a difference in ... Sheridan Motors is a car dealership that would like to investigate if there is a difference in ...
Sheridan Motors is a car dealership that would like to investigate if there is a difference in ... Sheridan Motors is a car dealership that would like to investigate if there is a difference in ...
Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus). Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus).
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library