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The sole proprietorship structure is the least regulated and is the easiest type of business to start. The advantages of the sole proprietorship structure are easy and inexpensive to form, complete control, and easy tax preparation. The disadvantages of the sole proprietorship structure are unlimited personal liability and banks are hesitant to lend to a sole proprietorship because of a perceived lack of credibility concerning repayment if the business fails, and because you cannot sell stock in the business investors will not often invest (U. S.

Small Business Administration, 2013). For tax purposes income is reported as individual income. In a partnership structure the ownership and operation of the business is between several people. The individual own and share the profits in a partnership. The advantages ofa partnership structure are that the partners share in the business. Each partner contributes to every aspect of the business, including money, property, labor or skills, and each partner shares in the profit and losses of the business (U. S. Small Business Administration, 2013).

The disadvantages are Joint and individual liability, isagreements among partners, and shared profits. For tax purposes a partnership must file an annual information return to report income, deductions, gains, and losses of the business operations, but the business does not pay income tax (U. S. Small Business Administration, 2013). The partners report the shares of the income or losses from the partnership on their individual taxes. The corporation structure an independent legal entity owned by shareholders. The corporation itself is legally liable for the actions and debts of the business.

The advantages of a corporation tructure are limited liability, ability to generate capital, corporate tax treatment, and attractiveness to potential employees. The disadvantages are time and money, double taxing, time, and paperwork. Corporations pay income tax on their profits. In some cases, corporations are taxed twice – first, when the company makes a profit, and again when the dividends are paid to shareholders on their personal tax returns (U. S. Small Business Administration, 2013). The Subchapter S corporation structure was created through an IRS tax election.

Small business owners mostly use the Subchapter S corporation structure. The advantages of the Subchapter S corporation structure are tax savings, business expense tax credit, and the ability to separate an independent life from shareholders (University of Phoenix, 2013). The disadvantages are shareholders compensations requirements and a stricter operational process. The S corporations are not taxed equally by all states. Most recognize them similarly to the federal government and tax the shareholders accordingly (U. S. Small Business Administration, 2013).

Some states tax S corps on profits above a specified limit, hereas other states do not recognize the S corps election and treat the business as a C corps with all the tax ramifications and some states tax both the S corps profit and the shareholder’s proportional shares of the profits (U. S. Small Business Administration, 2013). A limited liability company structure provides features from a corporation and partnership structure. With a limited liability company the limited liability features of a corporation and the operational flexibility and tax efficiencies of a partnership are provided.

The advantages ofa limited liability company are limited iability, less recordkeeping, and sharing of profits. The disadvantages of the limited liability company are limited life and self-employment taxes. In the eyes of the federal government, an LLC is not a separate tax entity, so the business itself is not taxed. Instead, all federal taxes are passed on to the LLC’s members and are paid through their personal income tax. It is recommended that the following considerations be taken in helping you make the final decision regarding your business structure and plan. The recommendation is to form a limited liability company

Learning Activity# 5

A total of five four written Learning Activities on varied topics covered in the course are assigned for your completion. For complete, high-quality analysis, each of these written work products should be 4 pages using 1-inch margins, double-spacing, and a 12-point font, and APA formatting. Paper must include a cover and a reference page. You should properly cite any material sourced from research.
Learning Activity 5:
Research and analyze at least three (3) monographs, articles, websites, or other credible sources published over the last year that inform notable healthcare policy and/or ethics issues impacting the U.S. healthcare ecosystem, including major stakeholders.
Briefly summarize the content and conclusions of each of your research sources. Provide source links along with proper APA format citations.
After considering the research, what were your biggest analytical judgments about the policy and/or ethics issues? Why?
What major healthcare policy or ethical barriers did you learn about related to the issues that you researched and analyzed that might impact future health ecosystem progress in these issue areas?
Formulate and explain two specific, practical ideas you believe major healthcare organizations should prioritize for responding to the policy and/or ethical issues you researched and evaluated, with the aim of improving value for health ecosystem stakeholders? What would be different and better from the status quo?