Business Venture Project ProposalType of ProjectGroup Members and RolesScenariosLegal & Financial IssuesChange in ROR Analysis (Years)More ROR AnalysisSensitivity AnalysisResourcesBusiness VentureProjectProposalEGR 403Section 03Team 2Type of ProjectSole Proprietorships vs. CorporationsGroup Members and RolesFrancisco Hernandez-SummarizerHenok Kebede-TechyJason Lee-TechyMichael Vandersluis-OrganizerScenariosLocation of business: Southern CaliforniaInitial Investment:$100,000.00Patent a DesignLegal IssuesFinancial IssuesSensitivity AnalysisLegal & Financial IssuesSole Proprietorship:Higher income tax rateUnlimited LiabilityProfits flow directly to owner’s personal tax returnCorporation:Lower corporate tax rate Limited Liability ProtectionDouble TaxChange in ROR Analysis (Years)More ROR AnalysisSensitivity AnalysisResourcesThe 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 ServiceInternet (i.e. www.ss.ca.gov/business/business.htm, www.privacyprotection.ca.gov, www.entrepreneur.com, www.nolo.com, www.corp.ca.gov,
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