Evaluation of Limited Liability Corporation Assignment

December 15, 2022

Evaluation of Limited Liability Corporation Assignment

Order Number	636738393092
Type of Project	ESSAY
Writer Level	PHD VERIFIED
Format	APA
Academic Sources	10
Page Count	3-12 PAGES

Instructions/Descriptions

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Evaluation of Limited Liability Corporation Assignment

Respond to the following in a minimum of 175 words:

Select a business you are familiar with or by conducting a search of the internet.
Identify its business structure (Please see Learning Topics 2.2 through 2.8 in the Learning Activities to see what is meant by the term, “business structure.”) Note that a franchise is not a business structure for the purposes of this assignment.
Explain the advantages and disadvantages of that business structure designation for the business.
Provide an example or examples.

Respond to the following students post

Anita post

C&C Tots is an entertainment company for kids and adults of all ages. It was established in 2018 in Chicago, Illinois Where at first it was Jumping jacks and soft-play rentals for kids. Today, its business has grown and has expanded their services to adults’ party entertainment. Not only has the services been expanded but a location has been provided in Park Forest, Illinois to rent out for parties and entertainment.

C &C Tots is a LLC (Limited Liability Corporation) type of business structure. Some of the advantages of having an LLC type of business:

There Is only one boss (none above)

Flexible Tax advantage

Limited Liability

Less paperwork in some cases

Privacy protection

Some of the disadvantages of having an LLC type of business:

Fringe benefits

Might have to pay Social Security and medical taxes

May be responsible for unemployment for employees

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Can be unattractive to investors.

The good thing about business structure is you can always change it to the one that you feel is best for your business. But there is nothing with keeping it as an LLC. There are some popular LLC business that you probably do not know about like Pepsi Cola, IBM, Blackberry, Nike and Sony. These businesses are very popular and successful LLC’s.

Andrea post

The entity I chose for this discussion is General Motors Company American automotive company. GM was founded by William C. Durant on September 16, 1908, and they operate as a corporation. This type of business structure can operate as a “legal person” loaning and borrowing money, entering into contracts, owning assets, hiring employees, paying taxes, etc.

Advantages of operating as a corporation include personal liability protection, easier access to capital, and business security. A few disadvantages include the business being subjected to double taxation, the strict formalities and protocols, and the amount of time it takes to continue to operate within this type of business structure.

Selecting new members of the board of directors would be a changeling disadvantage for a corporation. There are so many factors to consider including if the candidate has the time to devote to the position and if they have a conflict of interest in the business.

Having protection against personal liability in business is a great advantage of operating as a corporation. As an entrepreneur, you do not have to place your personal finances, credit, and your name at risk. As I mentioned above, your business can operate as a “legal person” allowing you to keep your personal business affairs separate.

Evaluation of Limited Liability Corporation Assignment

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The context and relevance of the issue, as well as a clear description of the study aim, are presented. The history of searches is discussed.

Literature Support

91-84 points

The context and relevance of the issue, as well as a clear description of the study aim, are presented. The history of searches is discussed.

Methodology

58-53 points

With titles for each slide as well as bulleted sections to group relevant information as required, the content is well-organized. Excellent use of typeface, color, images, effects, and so on to improve readability and presenting content. The minimum length criterion of 10 slides/pages is reached.

Average Score

50-85%

40-38 points

More depth/information is required for the context and importance, otherwise the study detail will be unclear. There is no search history information supplied.

83-76 points

There is a review of important theoretical literature, however there is limited integration of research into problem-related ideas. The review is just partly focused and arranged. There is research that both supports and opposes. A summary of the material given is provided. The conclusion may or may not include a biblical integration.

52-49 points

The content is somewhat ordered, but there is no discernible organization. The use of typeface, color, graphics, effects, and so on may sometimes distract from the presenting substance. It is possible that the length criteria will not be reached.

Poor Quality

0-45%

37-1 points

The context and/or importance are lacking. There is no search history information supplied.

75-1 points

There has been an examination of relevant theoretical literature, but still no research concerning problem-related concepts has been synthesized. The review is just somewhat focused and organized. The provided overview of content does not include any supporting or opposing research. The conclusion has no scriptural references.

48-1 points

There is no logical or apparent organizational structure. There is no discernible logical sequence. The use of typeface, color, graphics, effects, and so on often detracts from the presenting substance. It is possible that the length criteria will not be reached.