A Sole Proprietorship Discussion Summary Response
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
A Sole Proprietorship Discussion Summary Response
reply to the summary below
summary
The Major Disadvantage of a Sole Proprietorship
A sole proprietorship is a business structure where one person owns and runs the business. It is a widespread business organization in the United States and other developed nations. A sole proprietorship has no formal board of directors or shareholders. The owner is responsible for all business’s financial, legal, and operational aspects (Lobo & Bhat, 2022). There are several major disadvantages associated with a sole proprietorship. First, it is straightforward to lose track of responsibilities when running own business. The owner of the business may feel like they need to be hands-on all the time, but if one has employees to manage, this isn’t always necessary (Lobo & Bhat, 2022). Second, there is no formal structure for managing finances or employee relations. It may be difficult to resolve if a problem arises without involving an attorney. Finally, a sole proprietorship doesn’t offer any protection from lawsuits because no third party is involved.
A Corporation Differ from A Partnership
A corporation is a business entity that has its own set of rules and regulations, as opposed to a partnership, which is an unincorporated business that does not have its own legal identity. While multiple people can own partnerships, corporations are owned solely by their shareholders. Corporations also have bank accounts and must file annual reports with the IRS (Bouchoux, 2022). In addition to the differences between a corporation and a partnership, there are other important legal distinctions between these two types of business entities. For example, corporations must have separate ownership from their shareholders. For shares in a corporation to be sold or transferred, they must be registered with the SEC (Bouchoux, 2022). This means that shareholders must file paperwork with the SEC to transfer ownership of their shares. If a corporation wants to sell or transfer shares over the internet or through other channels, such as private sales or secondary market trading, it must also register with the SEC. Corporations also have different reporting obligations than partnerships do. Corporations must file annual reports with the IRS and make certain information available to the public through SEC filings.
At the same time, the main distinction between a corporation and a partnership is that corporations are legally recognized as persons and may own property. In contrast, partnerships are groups of individuals agreeing to share ownership in a business venture. Although there are many differences between corporations and partnerships, the most significant difference is that corporations are considered legal entities separate from their owners, while partnerships are not (Bouchoux, 2022). There are other key differences between corporations and partnerships, including who may be a member, how they can be organized, how much they can grow, how long they need to last and what rights they have. Corporations are owned by one or more people known as shareholders who hold shares of stock in the company. Shareholders may include the company’s officers, employees or other members (Bouchoux, 2022). While shareholders can be anyone interested in the company’s success, they must meet specific requirements to become members. For example, they must be 18 or older and have a minimum amount of money invested in the corporation’s shares. Corporations cannot have more than 100 shareholders at any given time.
Conflicts Between Managed Care Organizations and Physicians
Managed Care Organizations (MCOs) can provide significant financial incentives to physicians for encouraging healthier patient behaviours, such as regular check-ups. The financial incentives can be in the form of bonuses, rewards, or even salary increases (Heider & Mang, 2020). However, some doctors may find this approach undesirable because it can create an environment of competition among physicians and provide less autonomy for individual practice settings. Additionally, MCOs tend to focus more on volume than patient-level quality care due to their desire to decrease overall costs. In these scenarios, physicians may feel they are being left out of the financial rewards and may become frustrated with the organization (Heider & Mang, 2020). It is essential to establish clear goals and expectations in a relationship with an MCO to avoid conflicts between MCOs and medical doctors. Physicians must also be provided with the necessary tools and resources to achieve these goals and expectations.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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A Sole Proprietorship Discussion Summary Response
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