I have attached the project below,

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I have attached the project below,


Learning Activity W8 Background Facts You Need To Know:  In addition the background facts set forth here, you must consider the facts set forth in the course introduction. Connor, Denise, Larisa, and Sam recognize an essential early step in creating Viral Clean ('Clean") is to agree on a business organizational form and clarify the owners'  roles because each has different priorities, interests, and expectations about the business. Businesses are created in one of several organizational structures or forms.  Choosing a business structure involves several factors, including which structure is most favorable for the company and its owners.   The goal for Clean is to minimize legal risks and liabilities and tax liabilities for the owners and the business.  The owners understand a business organizational structure can achieve this goal and define their managerial roles and responsibilities clearly to satisfy their interests and maximize their areas of expertise. Connor, Denise, Larisa, and Sam agree that weighing and balancing advantages and disadvantages for the company and its owners is the heart of the process of choosing a business structure.   The owners have met privately to discuss their decision.   They are now ready to meet with TLG for further analysis, negotiation, and a decision regarding the Clean business structure. Instructions To assist in this process, Winnie and Ralph asked you to assess several business structures and their characteristics, advantages, and disadvantages for Clean.  Those structures are: • General Partnership • Limited Partnership • Limited Liability Partnership • General Corporation • Limited Liability Company Evaluate and synthesize this information, and do the following two things:  1.  Chart You Need to Prepare:  Create a comparison matrix showing the five types of business structures and comparing and contrasting each type of business structure.   https://leocontent.umgc.edu/content/dam/permalink/d812aa6d-8d7d-46fe-b6c5-3c0d5b9bcd4c.html You may use the chart format in the hyperlink above, or create a similar chart, or create an excel chart. The chart should include several areas for comparison, (e.g., the procedure for the formation, cost of formation, etc.).  The chart should consist of various types of liability for comparison. The chart should be an in-depth and comprehensive comparison. Ensure each organizational structure's pros and cons are easily compared in the chart. 2.  Report You Need to Prepare:  Write a report to Clean owners: • A: Recommend a business structure for Clean that best minimizes tax and personal liability for the new business and its owners • B: Explain and justify your recommendation, specifically and in detail.  Your analysis must consider the interest of each business owner noted in the "INTRO TO 380" module in Content. Tips for Formatting Report: The report should use the following format Report TO:                Winnie James, Ralph Anders FROM:            (your name)    RE:                  Clean Business Structure DATE:        1. 2.
Answered 1 days AfterMay 02, 2024

Answer To: I have attached the project below,

Khushboo answered on May 04 2024
5 Votes
To assist management regarding business structure we should create comparison matrix in terms of merits, demerits and features. The detailed matrix analysis is as follows:
    Business structure
    Merits
    Demerits
    Features
    Limited Liability Company (LLC)
    The structure of management is very flexible.
The formalities and regulations are lesser as compared to corporates.
    There is complexity some of jurisdictions which can create hurdles in business operations.
The capital can be raised in very limited manner.
    Limited personal liability, flexible administration and pass through taxation
    General Corporation
    The ownership transfer process is very easy and the shareholders are also having limited personal liability.
    Double taxation, complex and higher cost of incorporation and higher number of regulatory compliances.
    It is separate legal entity as per law and there is limited personal liability. The ownership is gained through shares.
    Limited liability partnership
    All partners are having limited...
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