1. The first section of the chapter reviews the most important issues an entrepreneur should consider in choosing a form of ownership. Based on your personal preferences and your planned business, Briefly discuss each one significant concerns.
a) Start-up and future capital requirements. Explain why?
b) Business Goals. Explain why?
c) Management Succession plans. Explain why?
d) Control. Explain why?
2. For each of the following forms of ownership, identify the advantage you find most attractive and the disadvantage you find most concerning based on your personal and business needs.
Answer the Advantage and Disadvantage of the following.
Sole Proprietorship :
Partnership :
C Corporation :
Limited Liability Corp. :
S Corporation :
3. How would you address the disadvantage of Partnership?