What_Is_The_Best_Form_Of_Business_Organization_

What Is The Best Form Of Business Organization' by Dmitry Nikolaev What is the Best Form of Business Organization' Table of Contents Title Page Page 1 Table of Contents Page 2 Abstract Page Page 3 Single Proprietorship Page 4 Partnership Page 5 Corporation Page 6 Conclusion Page 8 Works Cited Page 10 ` Abstract Page What is the best form of business organization' There are three basic types of business organizations: sole proprietorships, partnerships and corporations. The best form would have to be the one most applicable and beneficial to an entrepreneurial individual. Since the question can’t be answered with a factual response, it is simply defense of opinion. Given the three forms, I would have to pick partnership. It is the best form of business because of its managerial flexibility, its quickness to set up and division of labor as well as income. A sole proprietorship is simply too strenuous to be run by an individual efficiently enough to expand the business and increase profits. A corporation is too large to maintain and it is run by a board of strangers who haven’t been met or extensively researched. A partnership can be run efficiently when the partners trust each other and can. Then they can easily expand, advertise and increase profits, which, in turn, will raise capital toward the business substantially. business, corporation, partners, income, partnership, form, run, since, proprietorship, one, increase, however, easily, capital, best, because, sole, profits, liability, expand, work, unlimited, themselves, set, personal, owner, limited, easy, time, three, taxation, single, simply, raise