Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your friend, Elvern Entrepreneur, is thinking about opening a business, Pampered Puptown Puppers (PPP), a dog boarding and daycare facility. An entrepreneur learns that you

Your friend, Elvern Entrepreneur, is thinking about opening a business, Pampered Puptown Puppers (PPP), a dog boarding and daycare facility. An entrepreneur learns that you are studying Business and asks for your advice in selecting a business form for PPP. You learn that Entrepreneur will need some capital to open the business, and is reluctant to share control of the business with others. With this information, considering sole proprietorship, partnership, and corporation, which business forms are available to Elven? What are the advantages and disadvantages of each of the business forms the Entrepreneur should consider? Of the forms that Entrepreneur should consider, which do you recommend, and why

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

Essentials Of Business Law

Authors: Anthony Liuzzo, Ruth Calhoun Hughes

11th Edition

1260734544, 978-1260734546

More Books

Students also viewed these Law questions

Question

Explain the relationship of job design to employee contributions.

Answered: 1 week ago

Question

Discuss the steps in human resource planning.

Answered: 1 week ago