Written Assignment: Business Structure
The following is a thorough analysis of how a specific business structure would be a quality pairing for a Christian based subsidiary for an existing sport or entertainment organization. Consequently, before one can even begin to understand the complexity of the relationship between business structures and subsidiaries, there has to be a finite understanding of what a subsidiary is along with what, type of business structure is needed. A subsidiary can be defined as, “An enterprise controlled by another (called the parent) through the ownership of greater than 50 percent (50%) of its voting stock” (Webster, 2004). Furthermore, if one has to choose from said business structures for a new or existing Christian subsidiary, it would be a limited liability corporation. A limited liability corporation is, “A company (LLC) in the United States-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation” (Webster, 2004).
I believe that this is the perfect fit …show more content…
Not only because of the benefits listed above but because of the potential of offsetting tax liabilities that one is capable of receiving along with, having limited SEC oversight is also a benefit as well. Th is particular topic has drawn me closer to Isaiah 1:17-19 which states “Learn to do good; seek justice, correct oppression; bring justice to the fatherless, plead the widow's cause. “Come now, let us reason together, says the Lord: though your sins are like scarlet, they shall be as white as snow; though they are red like crimson, they shall become like wool. If you are willing and obedient, you shall eat the good of the land” (KJV,
The following is a thorough analysis of how a specific business structure would be a quality pairing for a Christian based subsidiary for an existing sport or entertainment organization. Consequently, before one can even begin to understand the complexity of the relationship between business structures and subsidiaries, there has to be a finite understanding of what a subsidiary is along with what, type of business structure is needed. A subsidiary can be defined as, “An enterprise controlled by another (called the parent) through the ownership of greater than 50 percent (50%) of its voting stock” (Webster, 2004). Furthermore, if one has to choose from said business structures for a new or existing Christian subsidiary, it would be a limited liability corporation. A limited liability corporation is, “A company (LLC) in the United States-specific form of a private limited company. It is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation” (Webster, 2004).
I believe that this is the perfect fit …show more content…
Not only because of the benefits listed above but because of the potential of offsetting tax liabilities that one is capable of receiving along with, having limited SEC oversight is also a benefit as well. Th is particular topic has drawn me closer to Isaiah 1:17-19 which states “Learn to do good; seek justice, correct oppression; bring justice to the fatherless, plead the widow's cause. “Come now, let us reason together, says the Lord: though your sins are like scarlet, they shall be as white as snow; though they are red like crimson, they shall become like wool. If you are willing and obedient, you shall eat the good of the land” (KJV,