Essay
Andy wants to start his own business.He has decided to rent space in a "strip mall" and open a pet shop.Additionally,he will provide dog grooming services.He figures he can do almost everything himself,though he will need to hire a part-time employee on an "as needed" basis.His friend,Lacy,has agreed to work when needed.
Andy is considering operating his business as a sole proprietorship.What are the primary legal advantages and disadvantages to this form of business ownership for Andy's pet shop?
Correct Answer:
Verified
There are many advantages to operating t...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q8: The term "S Corporation" comes from<br>A)the Internal
Q9: Which of the following statements regarding social
Q10: No formal steps are necessary to create
Q11: A court may pierce an LLC's veil
Q12: What is a joint venture? Briefly explain
Q14: To be a close corporation,the business must
Q15: Which of the following forms of organization
Q16: Trudy wishes to buy a national franchise.What
Q17: Charles and Ellen,an unmarried couple,run an ice
Q18: Which is an advantage of a sole