Sharkitecture.NET » Corporation http://sharkitecture.net Study Guide for the California Supplemental Exam Tue, 27 Jan 2009 21:58:26 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 What different forms of business entities are available for you to choose from in forming an architectural practice in California? List one positive and one negative aspects of each? http://sharkitecture.net/2009/01/what-different-forms-of-business-entities-are-available-for-you-to-choose-from-in-forming-an-architectural-practice-in-california-list-one-positive-and-one-negative-aspects-of-each/ http://sharkitecture.net/2009/01/what-different-forms-of-business-entities-are-available-for-you-to-choose-from-in-forming-an-architectural-practice-in-california-list-one-positive-and-one-negative-aspects-of-each/#comments Sun, 25 Jan 2009 04:29:33 +0000 admin http://sharkitecture.net/?p=199 a. Sole proprietorship
i. Positive – simplifies decisions and allocation of responsibilities
ii. Negative – personal liability
b. General partnership
i. Positive – no local or state filings are necessary to create
ii. Negative – personal liability
c. Limited Liability Partnership
i. Positive – limited personal liability
ii. Negative – limited partner can’t make management decisions
d. Corporation
i. Positive – limits personal liability
ii. Negative – must adhere to corporate business practices

Also, all forms have to register with CAB, so all, by definition, have a state registration requirement.

]]> http://sharkitecture.net/2009/01/what-different-forms-of-business-entities-are-available-for-you-to-choose-from-in-forming-an-architectural-practice-in-california-list-one-positive-and-one-negative-aspects-of-each/feed/ 0 What different forms of business entities are available for you to choose from in forming an architectural practice in California? http://sharkitecture.net/2009/01/what-different-forms-of-business-entities-are-available-for-you-to-choose-from-in-forming-an-architectural-practice-in-california/ http://sharkitecture.net/2009/01/what-different-forms-of-business-entities-are-available-for-you-to-choose-from-in-forming-an-architectural-practice-in-california/#comments Tue, 20 Jan 2009 05:00:35 +0000 admin http://sharkitecture.net/?p=149 List one positive and one negative aspects of each

a. Sole proprietorship

    i. Positive – simplifies decisions and allocation of responsibilities
    ii. Negative – personal liability

b. General partnership

    i. Positive – no local or state filings are necessary to create
    ii. Negative – personal liability

c. Limited Liability Partnership

    i. Positive – limited personal liability
    ii. Negative – limited partner can’t make management decisions

d. Corporation

    i. Positive – limits personal liability
    ii. Negative – must adhere to corporate business practices
]]> http://sharkitecture.net/2009/01/what-different-forms-of-business-entities-are-available-for-you-to-choose-from-in-forming-an-architectural-practice-in-california/feed/ 0