Sunday, February 7, 2016

Week 5 Reading Reflection

The most interesting thing from the reading was about S Corporations, since that's what type of corporate structure my family's business embodies. It was cool to learn what the provisions and qualifications for S Corporation status are. The reasons for the Bankruptcy Act were slightly confusing to me. If I could ask the author something, I'd ask what corporate structure he thinks is the best and why. I would also like to know a couple examples of B-Corporations. I don't think lack of continuity is a real disadvantage of partnerships due to the options to allow for continuous operation if one of the partners dies or leaves the partnership for another reason.

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