Prepared By: Mensur Boydas
Advice to Management Students
Dear Prospective Student,
In preparing my advice for you I asked myself, “What would Taylor say? I believe he would also start with a joke. Here it is.
A woman is having trouble with her car; it often stalls. So she goes to a garage, and asks them to fix it. They change the transmission and put in new spark plugs. But her car still doesn’t run right, so she takes the car to another garage. At this second garage, the mechanic
The entities are constructed under different legal constraints: corporations, sole proprietorships, partnerships etc. The common picture of businesses is that starting as sole proprietorships or partnerships and eventually become incorporated. Each of them has advantages and disadvantages. Corporation is one of them that have many advantages, thus other types of entities incorporate when they grow. Corporations are structured in two different types; nonprofit and profit organization, each have d
