UNDERSTANDING BUSINESS LL W/CONNECT
UNDERSTANDING BUSINESS LL W/CONNECT
12th Edition
ISBN: 9781264759927
Author: Nickels
Publisher: MCG
Question
Book Icon
Chapter 5.2, Problem 5.2AQ
Summary Introduction

To determine: The problems that partners who share both business and family encounter that other partners might not encounter.

Introduction:

Two or more persons who agree to share the risks and profits of the enterprise are known as partners.

Blurred answer
Students have asked these similar questions
Contrast the sole proprietor and partnership forms of business detailing the advantages and disadvantages of each.
Glenda is a much sought-after business consultant and take pride in growing her clients' start-up businesses. A young couple approaches her for advice on how they ought to start and nurture their business model. As you are also a fellow consultant in the same line of business, based on your business entities knowledge, explain at least six (6) characteristics each of a "partnership" and "private limited company" as well as three (3) advantages and three (3) disadvantages of setting up a “partnership" and "private limited company" option respectively. Defend your advice with an entity example of choice suitable to them.
Camp Dorcas Limited is exploring the possibility of entering the oil industry. It has done its due diligent of the industry and is happy with the figures and profit margins. Muna and Mulemba, the largest shareholders at 40% and 30% respectively intend to start the business via quick start business methods. They have settled for a franchise. Discuss with them the main types of franchises clearly stating which one you would recommend to them after explaining the salient features, advantages and disadvantages of each one of them. Thereafter, craft a model business plan for Camp Dorcas Limited to enable Muna, Mulemba and team to have strategic focus in the management of their enterprise.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub