jamesa.ACC502.M1-a - Instructions (a) What form of business

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Instructions (a) What form of business organization—proprietorship, partnership, or corporation—do you recommend that Natalie use for her business? Discuss the benefits and weaknesses Basing on the information given about Natalie we can make the assumption that she has the entrepreneur spirit and views this business venture with “possibilities seeming endless”. Further implication is made in that she is enrolled in an entrepreneurship program at school. To start her business I believe sole-proprietorship is the best option for her. In a sole proprietorship you generally receive more favorable tax treatment, and it’s simpler to establish. I believe this option its great way to get things rolling, with hopes of growing into a corporation one day. However the flaw to this option is that if her business doesn’t succeed she is personally liable for all debts. (b) Will Natalie need accounting information? If yes, what information will she need and why? How often will she need this information?
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This note was uploaded on 04/22/2011 for the course FIN & ACC 504 & 502 taught by Professor Harper&tai during the Spring '11 term at Grand Canyon.

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jamesa.ACC502.M1-a - Instructions (a) What form of business

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