Income from corporate and noncorporate firms is treated very differently under the tax law. To what degree do firms change their form of organization in response? Since the relative tax treatment depends on the tax bracket of the investor, the answer will vary by the bracket of the owners. To...

This paper uses a new data source to analyze the choice of organizational form of retail gasoline stations. In recent years, gasoline stations have tended to be less likely to be owned and operated by a lessee dealer and more likely to be owned and operated by the refiner. Critics have alleged...

The dual income tax provides the self-employed entrepreneur with huge incentives to participate in tax minimizing income shifting to have more of his income taxed as capital income. The Norwegian split model is designed to remove these incentives, but it contains loopholes. The present paper...

By double taxing the income of corporate firms but not unincorporated firms, taxes can play an important role in a firm's choice of organizational form. The sensitivity of the organizational form decision to tax rates can also be used to approximate the efficiency cost of the corporate income...

Die Gemeinwohl-Ökonomie verfolgt das Ziel eines ethischen und nachhaltigen Wirtschaftsmodells. Wirtschaften soll nicht allein der Gewinnmaximierung, sondern dem guten Leben für alle - dem Gemeinwohl - dienen. Doch lässt unsere Rechtsordnung ein gemeinwohlorientiertes Wirtschaften überhaupt...

Steueroptimale Rechtsformwahl: Die Besteuerung von Personen- und Kapitalgesellschaften und Mischformen im Vergleich.Dieses Studienbuch verdeutlicht die steuerlichen Konsequenzen, die aus der Wahl einer bestimmten Rechtsform resultieren. Es zeigt zunächst allgemein, welche Faktoren die...

In April 2014, the Government of Benin launched the entreprenant status, a simplified and free legal regime offered to small informal businesses to enter the formal economy. This paper presents the short-term results of a randomized impact evaluation testing three different versions of the...

Corporate income is taxed twice, once at the entity level and then taxed once again at the shareholder level. In addition, the corporate tax system favors debt over equity financing of capital expenditures; corporations are able to deduct interest on borrowed funds, unlike the return to equity....

This study examines whether competition from tax-advantaged firms influences the organizational form choice of rival tax-disadvantaged firms, and explores two outcomes of this choice. Using a sample of 5,268 predominantly private U.S. commercial banks during 1997-2010, we find that greater...

Das Werk wendet sich an Leser, die sich grundlegend und umfassend mit Fragen der Betriebswirtschaftlichen Steuerlehre auseinandersetzen wollen, seien es Lehrende und Studierende an Universitäten, Fachhochschulen, Dualen Hochschulen, Verwaltungs- und Wirtschaftsakademien und anderen...

Die 8. Auflage der »Betriebswirtschaftlichen Steuerlehre« beinhaltet eine vollständige Überarbeitung sowie eine partielle Neustrukturierung des Werkes. Mit der Neugestaltung der »Betriebswirtschaftlichen Steuerlehre«, die vor allem Studierende von Master-Studiengängen anspricht, besteht...

In April 2014, the Government of Benin launched the entreprenant status, a simplified and free legal regime offered to small informal businesses to enter the formal economy. This paper presents the short-term results of a randomized impact evaluation testing three different versions of the...

Gründung und Beteiligung -- Übertragung zu Lebzeiten und im Todesfall -- Geschäftsführung und Vertretung -- Beirat und Aufsichtsrat -- Haftung -- Besteuerung auf Gesellschafts- und Gesellschafterebene -- Rechnungslegung und Gewinnermittlung -- Ausscheiden eines Gesellschafters, Auflösung,...

Should mergers among nonprofi t organizations be assessed diff erently than mergers among for-profit firms? A recent debate in law and economics, boosted by apparently one-sided court decisions, has produced the result that promoting competition is socially valuable regardless of the particular...

Should mergers among nonprofit organizations be assessed differently than mergers among for-profit firms? A recent debate in law and economics, boosted by apparently one-sided court decisions, has produced the result that promoting competition is socially valuable regardless of the particular...

This paper makes use of individual data for 2004 to 2008 on owners of closely-held businesses in Sweden to estimate the role of both tax and non-tax determinants in the choice to be a closely-held corporation vs. a proprietorship. While lower-income individuals face relatively neutral...

Die Genossenschaften sind zurück! Wurden sie lange Zeit belächelt und galten als wirtschaftliches Auslaufmodell, erfreut sich die Rechtsform seit einigen Jahren wieder zunehmender Beliebtheit. Abseits der traditionellen Genossenschaftsbranchen, wie Bankwesen, Landwirtschaft und Wohnen, erlebt...

This paper makes use of individual data for 2004 to 2008 on owners of closely-held businesses in Sweden to estimate the role of both tax and non-tax determinants in the choice to be a closely-held corporation vs. a proprietorship. While lower-income individuals face relatively neutral...

This paper estimates the role of both tax and non-tax determinants in the choice in Sweden to be a closely-held corporation vs. a proprietorship, using individual data for 2004 to 2008 on owners of closely-held businesses. While lower-income individuals face relatively neutral incentives, higher...

This paper estimates the role of both tax and non-tax determinants in the choice in Sweden to be a closely-held corporation vs. a proprietorship, using individual data for 2004 to 2008 on owners of closely-held businesses. While lower-income individuals face relatively neutral incentives, higher...

We develop a matching model of foreign direct investment to study how multinational firms choose between greenfield investment, acquisitions, and joint ownership. Firms must invest in a continuum of tasks to bring a product to market. Each firm possesses a core competency in the task space, but...

Einleitung -- Rechtsformauswahl -- Gründungsprozess und erste Projekte -- Ressourcen und Geschäftsfelder in den Regionen -- Vorteile der Technologien für die Region -- Finanzierung und Versicherung der Vorhaben -- Gesetzliche Rahmenbedingungen und Rentabilität der Vorhaben --...

The Kansas Limited Liability Company Act (the Act) is now over three years old and has been amended twice since its original enactment in 1990. The Act authorizes creation of a relatively new form of business organization, a limited liability company (LLC), which offers the possibility of...

We develop a matching model of foreign direct investment to study how multinational firms choose between greenfield investment, acquisitions, and joint ventures. For all entry modes, firms must invest in a continuum of tasks to bring a product to market. Each firm possesses a core competency in...

The limited liability company (LLC) is a much more popular business entity in some U.S. states than in others. This empirical study provides the first detailed analysis of this phenomenon, using a partly original set of cross-sectional state-level data. I find that formation fees, rather than...