We appreciate your visit to Two entrepreneurs formed a partnership to open a frozen yogurt shop 20 years ago The business currently has two stores in the city The partners. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The entrepreneurs should consider the advantages and disadvantages of continuing their partnership or incorporating. A partnership allows for shared responsibility and potential investors but carries personal liability and limited life. Incorporation offers protection from personal liabilities and greater capital-raising potential but entails more legal requirements.
Explanation:
When considering whether to continue their partnership or incorporate, the two entrepreneurs should weigh the advantages and disadvantages of each option.
A partnership allows for shared responsibility in running the business and may attract investors more easily. However, partners are personally liable for each other's actions and debts, and the partnership may have a limited life if one partner leaves or dies.
Incorporation, on the other hand, provides protection from personal financial and legal liabilities and may offer a greater ability to raise capital. The company can continue to exist even if shareholders or directors change. However, incorporating involves more legal and administrative requirements.
Thanks for taking the time to read Two entrepreneurs formed a partnership to open a frozen yogurt shop 20 years ago The business currently has two stores in the city The partners. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
