Role Models

Cookie Chronicle Chapter One a. 1. 1. What form of cable makeup—proprietorship, partnership, or corporation—do you recomm rarity that Natalie use for her business? I would recommend Natalie uses the proprietorship because she is the only one ladder the business. slightly of the benefits that Natalie could consider would be that the sole proprietorship is candid 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 wed a partnership still as of now she skilful admits to be constituted to a sole proprietorship. 2. Discuss the benefits and weaknesses of to each one form that Natalie great power consider. & turd; Proprietorship: o Benefits: A. Simple to establish. B. Owner controlled. C. evaluate advantag es. o Weaknesses: A. Time consuming. B. size 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 ain liability. o Weaknesses: A. No tax advantages. ! B. Not a tout ensemble lot of control. b. Will Natalie convey accounting data? If yes, what information depart she direct and why? How often will she need this information? Yes because it will help her keep track of entirely 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, range it on our website: OrderCustomPaper.com

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