Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mr. John decides to start a small business with the intention to expand it in the future. He has some capital, but he fears he

Mr. John decides to start a small business with the intention to expand it in the future. He has some capital, but he fears he may lose some of his personal assets if the business fails. Also, Mr. John is not sure he has enough capital to proceed with a sustainable business. At the same time, he has some doubts in sharing the ownership of his business with partners that had not to participate in the 'creation of his business project'.

Having in mind these issues, advise Mr. John regarding what you consider to be the optimal business type for a safer, and with more prospects of development and sustainable growing business. Argue by comparing the business types that can be considered a viable option.

(400-700 words)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Report Of Johnstown Flood Finance Committee

Authors: Johnstown (Pa.) Flood Finance Committee, YA Pamphlet Collection

1st Edition

1246561557, 9781246561555

More Books

Students also viewed these Finance questions