Business Forms, management homework help

Anonymous
timer Asked: May 23rd, 2017
account_balance_wallet $5

Question description

Scenario: Adam and Laura wish to open a pet grooming shop called Dazzling Doggies Day Spa. Laura's mother Beth would like to contribute the startup costs in exchange for a share of profits, but she doesn't want to participate in the daily operations of the business. She also doesn't want to have any personal liability in the business.

Develop a 350- to 700-word summary with the following information:

  • Which business organizational form would be best given the above circumstances, and why?
  • Unbeknownst to Laura and Beth, Adam begins to use Dazzling Doggies Day Spa's checking account to pay all his personal bills. Are his actions ethical? Why or why not?

Cite a minimum of two peer-reviewed references.

Format your paper consistent with APA guidelines.

Tutor Answer

CristinaP
School: New York University

Attached.

Running Head: Business Forms

1

Business Forms
Students’ name
Tutors’ name
Institution
Date

Business Forms

2
Business Forms

One important step while establishing a business is to define the legal form it will take.
The form a business takes can be influenced by some factors among them the kind of business
one intends to establish, the business activity, as well as the number of individuals who ones the
business. The business form one chooses impacts how one conducts the business as far as tax
obligations, liabilities, and the level of control one has. Among the legal business forms which a
business can operate on, a sole proprietorship is the simplest to establish (Staniewski, Nowacki,
& Awruk, 2016). Depending on the activities the busines...

flag Report DMCA
Review

Anonymous
10/10 would recommend. Responsive and helpful.

Similar Questions
Hot Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors