SWEET-OPPORTUNITIES - better than the owner • Taxes are...

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SWEET OPPORTUNITIES – RECOMMENDATIONS Client 1: Our recommendation to the client is to form a Sole Proprietorship. Reasons: It is easy and inexpensive to organize given limited monetary resources. Owner has complete control over business operations and receives all profits. Friends and family can be hired to help during busy times. They might also help with task they do
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Unformatted text preview: better than the owner. • Taxes are not a major consideration given the age of the owner and size of the business. Disadvantage: • The owner would be liable for the debts of the business. However, debt liability is not a major concern because of the size of the business and the lack of capital needed, there will be no debt. Client’s Name : ??????????...
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