Edry holds a Diploma in Food Technology. He is thinking of starting a catering and delivery...
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Edry holds a Diploma in Food Technology. He is thinking of starting a catering and delivery business. For a start, he plans to operate from his mother's kitchen with the help of his siblings. He plans to use his own savings as capital. However, should the money fall short, Edry plans to either borrow from his uncle or invite his uncle to invest in his business. Required: Advise Edry on the most suitable form of business for his purpose. Explain, by stating the advantages and disadvantages of each form of business. Edry holds a Diploma in Food Technology. He is thinking of starting a catering and delivery business. For a start, he plans to operate from his mother's kitchen with the help of his siblings. He plans to use his own savings as capital. However, should the money fall short, Edry plans to either borrow from his uncle or invite his uncle to invest in his business. Required: Advise Edry on the most suitable form of business for his purpose. Explain, by stating the advantages and disadvantages of each form of business.
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Edry has a few options when it comes to choosing the most suitable form of business for his catering and delivery venture The three common business structures he could consider are Sole Proprietorship ... View the full answer
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