Question
Jennifer Cordovan is considering setting up a pharmacy in Ocho Rios, St. Ann and is now thinking about the type of ownership structure for her
Jennifer Cordovan is considering setting up a pharmacy in Ocho Rios, St. Ann and is now thinking about the type of ownership structure for her business. Preliminary research revealed that there are
three (3) business types.
1. Sole trader
2. Partnership
3. Limited liability company
QUESTION
Please explain in thorough and great detail, the three forms of businesses above and which clearly highlights the advantage and disadvantages of each.
Which option would be best for Jennifer and why?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
