Continuing Cookie Chronicle Chapter 1

Continuing Cookie Chronicle Chapter 1 - Continuing Cookie...

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Continuing Cookie Chronicle CCC1 Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They spent many happy hours mastering every type of cookie imaginable and later devised new recipes that were both healthy and delicious. Now at the start of her second year in college, Natalie is investigating possibilities for starting her own business as part of the entrepreneurship program in which she is enrolled. A long-time friend insists that Natalie has to include cookies in her business plan. After a series of brainstorming sessions, Natalie settles on the idea of operating a cookie-making school. She will start on a part-time basis and offer her services in people’s homes. Now that she has started thinking about it, the possibilities seem endless. During the fall, she will concentrate on holiday cookies. She will offer group sessions (which will probably be more entertainment than education) and individual lessons. Natalie also decides to include children in her target market. The first difficult decision is coming up with the perfect name for her business. She settles on “Cookie Creations,” and then moves on to more important issues. Instructions (a) What form of business organization—proprietorship, partnership, or corporation— do you recommend that Natalie use for her business?
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Since Natalie is investigating possibilities for starting her own business it would make sense if the sole proprietorship form type of business organization is done unless her long-time friend insists on partnering up with Natalie. In this case since Natalie will be in only investor it is best that she receives all the profits, thus, she can have unlimited responsibility for all losses and debts. Since Natalie is going to start off as being part time a proprietorship type of business will be easier for her to manage and control. Since Natalie will be in charge and will be able to control she will be able to concentrate on holiday cookies when she needs to and set up group
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This note was uploaded on 03/27/2011 for the course ACCT 231 taught by Professor Na during the Spring '11 term at ASU.

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Continuing Cookie Chronicle Chapter 1 - Continuing Cookie...

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