Role Models

Cookie Chronicle Chapter One a. 1. 1. What form of pipeline governing—proprietorship, partnership, or corporation—do you recomm break that Natalie use for her business? I would recommend Natalie uses the proprietorship because she is the only one run the business. slightly of the benefits that Natalie could consider would be that the sole proprietorship is elemental 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 substance a partnership still as of now she and admits to be constituted to a sole proprietorship. 2. Discuss the benefits and weaknesses of to each one form that Natalie great power consider. & papal bull; Proprietorship: o Benefits: A. Simple to establish. B. Owner controlled. C. eval uate advantages. o Weaknesses: A. Time consuming. B. surface 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 individual(prenominal ) liability. o Weaknesses: ! A. No tax advantages. B. Not a self-coloured lot of control. b. Will Natalie convey accounting schooling? If yes, what information willing she take away and why? How often will she need this information? Yes because it will help her keep track of solely 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, suppose it on our website: BestEssayCheap.com

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