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Compare Sole Proprietorships and Corporations in the technical patent industry with an initial investment of $100,000. Explore legal, financial, and competitive aspects. Reference key statistics and government resources.
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Business VentureProjectProposal EGR 403 Section 03 Group 2
Group Members and Roles • Francisco Hernandez-Summarizer • Henok Kebede-Techy • Jason Lee-Techy • Michael Vandersluis-Organizer
Type of Project Sole Proprietorships v.s Corporations
Scenarios • Location of business: Southern California • Initial Investment:$100,000.00 • Industry of Interest: Technical Patent • Legal Issues • Financial Issues • Competitors
Resources • The law of corporations and other business organizations / Angela Schneeman • Statistics of income. Sole proprietorship returns Publication (United States Internal Revenue Service) • Statistics of income. Partnership returns / Dept. of the Treasury, Internal Revenue Service • Internet (i.e. www.ss.ca.gov/business/business.htm, www.privacyprotection.ca.gov, www.entrepreneur.com, www.nolo.com, www.corp.ca.gov, www.sba.gov)