Form of Organization Indicate whether the following criteria would favor using a proprietorship, partnership, or corporate form
Question:
Form of Organization Indicate whether the following criteria would favor using a proprietorship, partnership, or corporate form of organization:
a. JoAnn wishes to minimize the cost of starting a computer repair business.
b. Frank and Tom want to be sure their business activities are not disrupted if one of them dies or withdraws from the business.
c. Martha and Jean want to be sure they can continue to do all the purchasing for their bath accessories stores.
d. Dan wants to be subject to as little regulation as possible.
e. Ann and Sandra want to be able to sell ownership to a number of friends by the end of the first year of operations.
f. Bill and Peter aren’t sure whether they want to keep their business as a single company or split it into two separate businesses once they have started to earn a profit.
g. Frieda is concerned about being personally liable for the debts of the business.
Step by Step Answer:
Financial Accounting A Decision Making Approach
ISBN: 9780471328230
2nd Edition
Authors: Thomas E. King, Valdean C. Lembke, John H. Smith