Legal Forms of Businesses and Preferences

Legal Forms of Businesses and Preferences There are several legal forms of business that people may choose to start running. A decision about a certain form of business that an entrepreneur will choose depends on various factors. Some of these factors and situations are discussed below.Advertising We will write a custom assessment sample on Legal Forms of Businesses and Preferences specifically for you for only $16.05 $11/page Learn More Sole Proprietor In a situation when an individual feels like having full control of the business operations, for instance, making final decisions on key business issues, sole proprietor will be the best form of business to undertake (Legal Forms of Business Comparison, n.d). One person can start and manage this form of business with ease. The above scenarios are not common for the other forms of businesses. Remarkably, the other legal structures have more than one person in the management. As a result, it will lead to sharing of opinions implying that chances of usi ng an individual’s opinion are minimal. General Partnership Preference of this form of business can arise in a situation when a group of people would like to run a business that they have full control over. Thus, each partner is actively involved into the managerial affairs (Legal Forms of Business Comparison, n.d). Moreover, in circumstances where people want to share losses, this form of business will be of preference to a one-person business. The above scenarios are applicable, since not all members are occupied in the managerial section. Regarding the issue of sharing losses, general partnership will be of preference to sole proprietorship because in the latter the owner bears all the losses. Limited Liability Partnership A scenario where a group of people would like to be partially responsible for the business losses can lead to the preference of this form of business. This is true when it comes to comparing this form of business organization to sole proprietorship and g eneral partnership. Notably, in case of the business incurring debts the members in this form of business only become liable to a certain extent as opposed to the first two forms of business (Which Legal Form Is Best for Your Business?, Incorporation Article | Inc.com, n.d.). Limited Liability Company LLC This form of business perfectly suits those who want to minimize the paper work and find the best ways to pay taxes. This can be contrasted to an S corporation where maintaining of the records is hectic as the government imposes strict conditions on record keeping (Media, n.d.). Further, LLC is its own legal entity as opposed to S corporation, which have separate legal entities from its owners. This means that members of LLC can decide on how they will pay taxes, since they are part of the company. S Corporation When entrepreneurs want the business to continue operating even in cases of their deaths, S corporation will be the best option. This feature is the perpetual life of a com pany (Murray, n.d.). A form of business like a sole proprietor will cease to exist in case of the death of the owner. This characteristic coupled with that of separate entity treats the businesses and the members as independent from each other.Advertising Looking for assessment on business corporate law? Let's see if we can help you! Get your first paper with 15% OFF Learn More Franchise In case when a person requires gaining from an already established business and even needs more training, franchise will be the best option (Media, n.d.). In comparison to sole proprietorship, making a brand name in business requires tolerance. This does not happen in a short period of time. Additionally, the available resources that franchises are willing to invest in a person will make this form of business the best one. Corporate form Lastly, if one needs to raise more capital and develop self-confidence in investors, a corporate form of business will be of high preferenc e. The regulations in the corporate’s board give more trust to all stakeholders (Media, n.d.). Compared to partnership and sole proprietorship, which do not have perpetual life, corporate form of business will be able to acquire more funds. References Legal Forms of Business Comparison. (n.d.). KCSourceLink. Web. Media. (n.d.). Business Models Organizational Structure | Chron.com. Small Business Chron.com. Web. Murray, J. (n.d.). Businesses Types of Businesses. Types of Business Filing Business Taxes Taxes and Legal Issues for U.S. Small Business. Web. Which Legal Form Is Best for Your Business?, Incorporation Article | Inc.com. (n.d.). Small Business Ideas and Resources for Entrepreneurs. Web.

Understanding Difficult Biology Words

Understanding Difficult Biology Words One of the keys to being successful in biology is being able to understand the terminology. Difficult biology words and terms can be made easy to understand by becoming familiar with common prefixes and suffixes used in biology. These affixes, derived from Latin and Greek roots, form the basis for many difficult biology words. Biology Terms Below is a list of a few biology words and terms that many biology students find difficult to understand. By breaking these words down into discrete units, even the most complex terms can be understood. Autotroph This word can be separated as follows: Auto - troph.Auto - means self, troph - means nourish. Autotrophs are organisms capable of self-nourishment. Cytokinesis This word can be separated as follows: Cyto - kinesis.Cyto - means cell, kinesis - means movement. Cytokinesis refers to the movement of the cytoplasm that produces distinct daughter cells during cell division. Eukaryote This word can be separated as follows: Eu - karyo - te.Eu - means true, karyo - means nucleus. A eukaryote is an organism whose cells contain a true membrane-bound nucleus. Heterozygous This word can be separated as follows: Hetero - zyg - ous.Hetero - means different, zyg - means yolk or union, ous - means characterized by or full of. Heterozygous refers to a union characterized by the joining of two different alleles for a given trait. Hydrophilic This word can be separated as follows: Hydro - philic.Hydro - refers to water, philic - means love. Hydrophilic means water-loving. Oligosaccharide This word can be separated as follows: Oligo - saccharide.Oligo - means few or little, saccharide - means sugar. An oligosaccharide is a carbohydrate that contains a small number of component sugars. Osteoblast This word can be separated as follows: Osteo - blast.Osteo - means bone, blast - means bud or germ (early form of an organism). An osteoblast is a cell from which bone is derived. Tegmentum This word can be separated as follows: Teg - ment - um.Teg - means cover, ment - refers to mind or brain. The tegmentum is the bundle of fibers that cover the brain. Key Takeaways To be successful in the sciences, particularly in biology, one must understand the terminology.Common affixes (prefixes and suffixes) that are used in biology are often derived from Latin and Greek roots.These affixes form the basis for many difficult biology words.By breaking these difficult terms down into their formative units, even the most complex biological words can be easily understood. Additional Biology Terms For more practice with breaking down biology terms, review the words below. The main prefixes and suffixes used are angio-, -troph, and -trophy. Allotroph (allo - troph) Allotrophs are organisms that get their energy from food obtained from their environments. Angiostenosis (angio - stenosis) Refers to the narrowing of a vessel, particularly a blood vessel. Angiomyogenesis (angio - myo - genesis) A medical term referring to the regeneration of heart tissue. Angiostimulatory (angio - stimulatory) Refers to the growth and stimulation of blood vessels. Axonotrophy (axono - trophy) Is a condition where axons are destroyed due to disease. Biotroph (bio - troph) Biotrophs are parasites that do not kill their hosts. They establish a long-term infection to continue to get their energy from the living cells. Bradytroph (brady - troph) Bradytroph refers to an organism that experiences very slow growth without a particular substance. Cellulotrophy (cellulo - trophy) This term refers to the digestion of cellulose, an organic polymer. Chemotrophy (chemo - trophy) Chemotrophy refers to an organism making its energy by the oxidation of molecules. Electrotroph (electro - troph) These are organisms that can obtain their energy from an electric source. Necrotroph (necro - troph) Unlike the aforementioned biotrophs, necrotrophs are parasites that kill their host since they survive on the dead remains. Oligotroph (oligo - troph) Organisms that can live in places with very few nutrients are called oligotrophs. Oxalotrophy (oxalo - trophy) Refers to organisms that metabolize oxalates or oxalic acid. Biology Word Dissections For more information on how to understand difficult biology words or terms see: Biology Word Dissections - Pneumonoultramicroscopicsilicovolcanoconiosis. Yes, this is an actual word. What does it mean?