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 89 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?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Examples of the results of sexual selection, a type of natural selection. Examples of the results of sexual selection, a type of natural selection.
The skullcap from Trinil, Java is the type specimen for H. erectus and is about 900,000 years old. The skullcap from Trinil, Java is the type specimen for H. erectus and is about 900,000 years old.
Action of a type II topoisomerase Action of a type II topoisomerase
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
An electron is accelerated from rest through a potential difference of 3750 V. It enters a ... An electron is accelerated from rest through a potential difference of 3750 V. It enters a ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Video: Conduction of action potentials

For a complete list of videos, visit our video library