Organizing a Business

1. Solo Proprietorshisp Bakery

1.1. Disadvantages - unlimited liability -limited life -difficult to raise capital -limited capital for expasion

1.2. Advantages -Full control -Full receiver of profist -easy to set up -contolled by owner

2. Partnership Coffee Shop

2.1. Advantages -easy to set up -more resources -shared control -tax advanteges

2.2. Disadvantages -unlimited liability -difficult to raise capital -responsible for partner decisions

3. Disadvantages -harder to set up -higher taxes

4. Advantages -easy to raise capital -no personal liability -transfer ownership -unlimited life

5. Corporation Technology Corporation

6. Franchise Subway

6.1. Disadvantages - high franchise -strict operatino restrictions -limited product line

6.1.1. Advantages -built-in reputation -management and training support -standardized quality -national advertising -buying power