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Scenario Mary is the sole proprietor of a small florist shop business and she wants to grow it but she is unsure about the increased
Scenario Mary is the sole proprietor of a small florist shop business and she wants to grow it but she is unsure about the increased financial and personal responsibility and liability that goes along with growth. After reading this module, you know that one way to limit the liability and financial exposure of a business owner is by selecting the appropriate ownership structure. However, each form of ownership has its advantages and disadvantages. Directions: First: Choose one of the ownership methods from group a and one from group b, review them in the text and then respond to the prompts: Group A (choose one): General Partnership, Limited Partnership, Group B (choose one): S-Corporation, Limited Liability Company (LLC) Paragraph 1: Explain with detail how each of the 2 ownership methods you chose is set up and discuss least 3 advantages and 3 disadvantages for each business structure and why they are an advantage or disadvantage. Paragraph 2: If you were a business owner and you could select any of the forms of business ownership, what would be the 2 most important considerations in your deicision? Which form of ownership would you choose and why
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