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The first screenshot is the assignment and the second screenshot is what I am replying to. Edit: I added the first picture which was the

image text in transcribedimage text in transcribedimage text in transcribedThe first screenshot is the assignment and the second screenshot is what I am replying to.

Edit: I added the first picture which was the first part of the assignment.

Edit: The MIDDLE picture is the assignment guideline. I need the answer to the LAST picture which is what I am supposed to be replying to. There is nothing else added to the assignment. That is the assignment.

You are to interview a local business owner. (This can be a friend or relative) Opening lines of communication with members of the business community can provide person benefits of business networking. If you do not know the owner, you should call ahead to introduce yourself and explain your position as a student and your assignment requirements. You should request a 30 minute appointment for a face to face or phone interview to discuss the form of organization and operations of the business. Be prepared to make a good impression. Answer the following questions: 1. Identify and describe the main operating activities and the form of organization and operations of the business. 2. Determine and explain why the owner(s) chose this particular form of organization. 3. Identify any special advantages and/or disadvantages the owner(s) experiences in operating with this form of business organization. Read a selection of your fellow classmate's postings. As you read their responses, note those to which you would like to respond with advice, questions, comments, and/or encouragement Respond to one or more of your classmates postings in any of the following ways: Build on something your classmate said. Explain why and how you see things differently. Ask a probing or clarifying question. Share an insight from having read your classmate's post. . Offer and support an opinion. For this assignment I messaged my friend Patrick who owns a hedgeshop/ vape store in my hometown called Hideaway Novelties Smoke & Vape. I called him to ask him these questions. 1. The main operating activities is selling products. They sell vapes, tobacco products, tobacco pipes, and other random trinkets. They are open 6 days a week (closed on Sunday) and are open from 10am - 9pm Mon-Thurs and 10-10 Friday and Saturday. He chose to go with an LLC as his organization form. Operations of the business are fairly simple. He has one cashier at the store at all times and runs an online ecommerce store for additional revenue. He does marketing on facebook, but is limited on what he can post due to facebooks guidelines. 2. He chose this business because it is something he enjoys and also because he knew it would have good revenue. The store is on the side of the highway and is one of the only locations you can get a vape on a lot of communters way home. He decided to go with an LLC because of the legal protection you gain individually when creating an LLC, and to avoid personal bankruptcy if the business were to fail. 3. Operating an LLC has benefits because it has limited liability, but it has a downside because he does pay more in taxes than he would with a sole proprietorship. Reply Quote Email Author

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