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1. You own and operate a Hot Dog Truck business permanently stationed on the main campus of FSW. You do not intend on adding any

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1. You own and operate a Hot Dog Truck business permanently stationed on the main campus of FSW. You do not intend on adding any shareholders or partners. Which legal form of business ownership do you think would work best for your Hot Dog Truck Business, and which form of business organization would be the least favorable. Elaborate in a paragraph or two your reasoning for both. 2. Susan's Dog Grooming business has decided to move forward with her business without the 30 -minute service guarantee. With your input she realized that was Wb a a viable differentiation strategy. She has decided to form her business as a Sub S Corporation to raise capital from potential shareholders. What is the maximum number of shareholders she can have in her Sub S Corporation.? 3. List and describe the management functions? 4. You are a sole proprietor working as a musician. Answer the following: By what date are you required to file your IRS tax return? When you file your income tax Form 1040, you must attach a Schedule that reports your profit and loss for the year. What is the name of that schedule? (Search IRS gov) 5. What is meant by the term "outsourcing"? 6. You own a power washing business. While you are cleaning the roof of a house, a ceramic tile fell of the roof and hit and hurt someone. As a you would be personally liable for this incident should that person sue you. The organization structure that would help to avoid personal liability would be the of organization

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