ScenarioWanda is concerned that if she grows the business, she may take on more financial and personal responsibility than she is comfortable with.Your Task1. Prepare a chart showing the forms of business ownership Wanda could adopt for Salty Pawz as she expands. For each type of ownership, you need toprovide the advantages and disadvantages of each option as they relate to Wanda's businesses.2. After having explored the advantages and disadvantages of each form of ownership, which form would you recommend for Wanda and Salty Pawz, andwhy?3. Lastly, if Wanda decides she wants the two friends she works with to become more formally involved in ownership of the business, does that change theadvice you gave her in part (b) above. If so, how? If it does not affect your advice to her, then why not?

Following are the sorts of authoritative documents of proprietorship that Wanda could embrace for…

Answered: Wanda is concerned that if she grows…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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