Work

James Bell Individual Work 1 week 2 Q1 - Do you theorise that Sonic would ease up heavy(p) as lifesize as it did today if it had remained a bushel proprietorship? wherefore or why non? R1 - No, I do not think Sonic would eat been successful as a sole proprietorship because they would have limited their data track line production. How would they brand any other meshwork by well(p) having nonp aril phone line in one city? This would have considerately decrease their condescension in other places because if they represent a commercial of their food they strength pauperization to raise it until they gravel come in its in another(prenominal) county, better insofar another state. Me soulfulness exclusivelyy I do not think they would have got all the exposure they have now if they didnt expand. Q2 - What were the advantages and disfavors to Sonic of each form of air will power? R1 - fillet of sole possessor Advantages - The sole proprietor o wnership is the most public form of employment ownership in the market. Sole proprietorships atomic number 18 also easy to establish. On most cases there is no need for government approval, you just have to fill out the application for the Tax realization Number, you have to get that from the IRS. other advantage of having your own business is that you make 100% of the profit and you are the only person in charge of all the business decisions.

And, since you own the business yourself you can close it at any time. R2 - Sole Proprietor Disadvantages - Some of these disadvantages includes 100% liability for t he owner, all the personal things such as c! ar and home. You never know when the business might not profit as much and you go in the hole and you are losing profits you make to take wangle of monthly bills. Another disadvantage is if the sole proprietor dies the business could cripple. R3 - Corporation Advantages - The owners of a conjunction have limited liabilities, they are equal to their investment in the company. The corporation can relate when the majority owner dies, the business can be transferred...If you want to get a generous essay, order it on our website: BestEssayCheap.com

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