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Write an e-mail to a client describing situations in which the partnership entity form might be more advantageous (or disadvantageous) than operating as a C corporation. Use subheadings and bullet points to highlight your major thoughts.

Respuesta :

Explanation:

Structure and Formation of Corporation and Partnership:

  • Corporation is a independent legal entity whereas partnership in which two or more partners share ownership.
  • The formation of partnership entity requires fulfillment of lesser formalities than corporation.

Powers:

  • A partnership entity can do anything which the partners agree to do and there is no limit to the activities.
  • The powers of the shareholders are limited unlike the partnership entity.

Management:

  • Every member of a partnership entity may take part in the management.
  • Shareholders are not involved but managers run the company.

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