BUS 206 Milestone 3 (3).docx - BUS 206 Milestone Three. Jeb...

This preview shows page 1 - 2 out of 2 pages.

BUS 206 Milestone Three.Jeb and Josh are lifelong friends. Jeb is a wealthy wind-power tycoon, and Josh is an active outdoorenthusiast. They have decided to open a sporting goods store, Arcadia Sports, using Jeb’s considerablefinancial resources and Josh’s extensive knowledge of all things outdoors. In addition to sellingsporting goods, the store will provide whitewater rafting, rock-climbing, and camping excursions. Jebwill not participate in the day-to-day operations of the store or in the excursions. Both Jeb and Joshhave agreed to split the profits down the middle. On the first whitewater rafting excursion, a customernamed Jane falls off the raft and suffers a severe concussion and permanent damage to her spine.Meanwhile, Jeb’s wind farms are shut down by government regulators, and he goes bankrupt, leavingextensive personal creditors looking to collectA.Identify the main types of business entities and discuss the advantages and disadvantages ofeach.

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 2 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
ROSE
Tags
Business Law, Types of business entity

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture