Answer this for me mate. Much appreciated. Scenario 3Marlin Hatfield, who is married and 27, just completed his fifth year as a journeymancarpenter with John Casey Homebuilders, a small home builder 25 miles from hishometown. Marlin has just received an inheritance of $100,000 from his favorite aunt.During the past five years, Marlin has been able to purchase many of the tools andequipment that he needs to be a good finish carpenter. He has not been satisfied workingfor John the past couple of years and has talked with his wife about starting his ownbusiness, called Hatfield Fine Carpentry. 2.03b HomeworkYour friends have been thinking of starting a business. After carefully listening to theirconcerns, give them your best advice.For each scenario below, answer the following questions:• Which business structure should they adopt for their new business?- Explain your answer and state the costs and benefits of your advice.

In an organization, there are different roles and responsibilities based on the degree of skills and…

Answered: For each scenario below, answer the…

For each scenario below, answer the following questions: • Which business structure should they adopt for their new business? · Explain your answer and state the costs and benefits of your advice.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Answer this for me mate. Much appreciated.

Scenario 3
Marlin Hatfield, who is married and 27, just completed his fifth year as a journeyman
carpenter with John Casey Homebuilders, a small home builder 25 miles from his
hometown. Marlin has just received an inheritance of $100,000 from his favorite aunt.
During the past five years, Marlin has been able to purchase many of the tools and
equipment that he needs to be a good finish carpenter. He has not been satisfied working
for John the past couple of years and has talked with his wife about starting his own
business, called Hatfield Fine Carpentry.

2.03b Homework
Your friends have been thinking of starting a business. After carefully listening to their
concerns, give them your best advice.
For each scenario below, answer the following questions:
• Which business structure should they adopt for their new business?
- Explain your answer and state the costs and benefits of your advice.

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