Build Your Skills Background All Bush sees an opportunity to start her own website development business. All has just graduated from the University of Mississippi with a master's degree in computer science. Although she has many job opportunities outside the Oxford area, she wishes to remain there to care for her aging parents. She already has most of the computer equipment necessary to start the business, but she needs additional software. She is considering the purchase of a server to maintain websites for small businesses. All feels she has the ability to take this start-up firm and create a long-term career opportunity for herself and others. She knows she can hire Ole Miss students to work on a part-time basis to support her business. For now, as she starts the business, she can work out of the extra bedroom of her apartment. As the business grows, she'll hire the additional full-and/or part-time help needed and reassess the location of the business. Task Using what you've learned in this chapter, decide which form of business ownership is most appropriate for Ali. Use the tables provided to assist you in evaluating the advantages and disadvantages of each decision. Sole Proprietorship Advantages Advantages Advantages Disadvantages Partnership Disadvantages Corporation Disadvantages
Build Your Skills Background All Bush sees an opportunity to start her own website development business. All has just graduated from the University of Mississippi with a master's degree in computer science. Although she has many job opportunities outside the Oxford area, she wishes to remain there to care for her aging parents. She already has most of the computer equipment necessary to start the business, but she needs additional software. She is considering the purchase of a server to maintain websites for small businesses. All feels she has the ability to take this start-up firm and create a long-term career opportunity for herself and others. She knows she can hire Ole Miss students to work on a part-time basis to support her business. For now, as she starts the business, she can work out of the extra bedroom of her apartment. As the business grows, she'll hire the additional full-and/or part-time help needed and reassess the location of the business. Task Using what you've learned in this chapter, decide which form of business ownership is most appropriate for Ali. Use the tables provided to assist you in evaluating the advantages and disadvantages of each decision. Sole Proprietorship Advantages Advantages Advantages Disadvantages Partnership Disadvantages Corporation Disadvantages
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
Transcribed Image Text:Build Your Skills
Background
All Bush sees an opportunity to start her own website development business. All has just graduated from the
University of Mississippi with a master's degree in computer science. Although she has many job
opportunities outside the Oxford area, she wishes to remain there to care for her aging parents. She already
has most of the computer equipment necessary to start the business, but she needs additional software. She
is considering the purchase of a server to maintain websites for small businesses. Ali feels she has the ability
to take this start-up firm and create a long-term career opportunity for herself and others. She knows she can
hire Ole Miss students to work on a part-time basis to support her business. For now, as she starts the
business, she can work out of the extra bedroom of her apartment. As the business grows, she'll hire the
additional full-and/or part-time help needed and reassess the location of the business.
Task
Using what you've learned in this chapter, decide which form of business ownership is most appropriate for
Ali. Use the tables provided to assist you in evaluating the advantages and disadvantages of each decision.
Sole Proprietorship
Advantages
Advantages
Advantages
Disadvantages
Partnership
Disadvantages
...
Corporation
Disadvantages
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