Role Models

Cookie Chronicle Chapter One a. 1. 1. What form of chore boldness—proprietorship, partnership, or corporation—do you recomm block up that Natalie use for her business? I would recommend Natalie uses the proprietorship because she is the only one running play the business. slightly of the benefits that Natalie could consider would be that the sole proprietorship is unbiased to establish, possessor controlled and valuate advantages. Some weaknesses are it could take up somewhat time and the size of the company is limited to how a good deal capital it makes. I think Natalie could tie in a partnership still as of now she comely admits to be constituted to a sole proprietorship. 2. Discuss the benefits and weaknesses of from each one form that Natalie great power consider. & squat; Proprietorship: o Benefits: A. Simple to establish. B. Owner controlled. C. evaluate advantages. o Weaknesses: A. Time consuming. B. surface of the company is limited to how much money it brings in. • coalition: o Benefits: A. Simple to establish. B. share control. C. Broader skills and resources. o Weaknesses: A. Arguments between the owners.

• Corporation: o Benefits: A. Easier to enrapture ownership. B. Easier to raise funds. C. No individualised li ability. o Weaknesses: ! A. No tax advantages. B. Not a solid lot of control. b. Will Natalie convey accounting study? If yes, what information allow for she accept and why? How often will she need this information? Yes because it will help her keep track of all in all of her assets, liabilities, revenues and expenses. I think that Natalie would need this information at the end of every month. c. Identify particularized asset, liability, revenue, and expense accounts that Cookie Creations will likely use to record...If you unavoidableness to get a full essay, collection it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay