Description
"Financing a New Venture" Please respond to the following:
- Compare and contrast the various forms of business organizations. Decide which structure is best suited for your class project (Assignment 1) and indicate why.
- From the e-Activity, infer what the trends you researched indicate for the future of entrepreneurs securing financing for their ventures and then infer how entrepreneurs should act. Provide support for your response.
Explanation & Answer
Attached.
Outline
Introduction
Body
Conclusion
References
Running head: BUSINESS ORGANIZATION
Business Organization
Student’s Name
Course Number – Name of Course
University Name
Instructor’s Name
Date
1
BUSINESS ORGANIZATION
2
Business Organization
Question 1
Most of the business organizations are creations of laws of the Federal or states
governments. Therefore, there is no broader variation on their formation from state to state or
from nation to nation. There are many types of business, however; the kind of structure is
determined the type and size of the business, individual circumstances and the plan to grow and
expand the business.
Sole Proprietorship
Sole proprietorship is owned by a single individual. It is cheap and easy to set up, and the
owner is personally liable. The owner of a sole proprietorship faces unlimited liability, and the
creditors may go for his or her assets if the business fails to pay. In case ...
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