Problem 1-1B - 17 successful and will use investmens to...

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28 Name Jacqueline Reyes Section MW 2-3:40PM Date 9/1/2011 Form 1 (a) In this case a sole proprietorship would likely to be form mainly because it is just one pe 2 who is running this business. Also, the business that Rachel is opening is not a big com 3 thus, it is not one to have potential stockholders. 4 5 6 The form of organization this business would likely take is being a corporation. Main rea 7 because the business will require a lot of funds to expand its operations. Forming a cor 8 (b) makes it easier for Lolin and Jason to raise the funds needed. 9 10 11 A partnership between the three professors would likey form as their type of organizatio 12 only because it is one or more person involved in the ownership, but they are equally in 13 (c) and contributing to the company. Taking on all legal obligations that can result. 14 15 16 Brittany Medler's company would most likely be a sole proprietorship. It is a store that h
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Unformatted text preview: 17 successful and will use investmens to help the store branch out, but the fact that she wa 18 maintain total control eliminates this from being a corporation and instead keeps it as a 19 (d) proprietorship. 20 21 28 (e) This business would likely form a partnership. Both Cheryl and Tom will be contributing 29 in economics to help the business run. Each are not looking to do it alone nor do both C 30 and Tom want others to invest in the ownership. 31 32 33 34 35 36 37 38 39 40 28 Problem 1-1B s of Business Organization erson 1 pany; 2 3 4 5 ason is 6 rporation 7 8 9 10 on. Not 11 nvesting 12 13 14 15 has been 16 ants to 17 sole 18 19 20 21 the skills 28 Cheryl 29 30 31 32 33 34 35 36 37 38 39 40...
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Problem 1-1B - 17 successful and will use investmens to...

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