You are investigating different possibilities to starting your own business. Since you are very passionate on cooking and healthy lifestyle, you decided to provide some healthy meals based on online orders. What could be the best business structure (proprietorship, partnership, or corporation) for your new business? 

In addition, indicate what accounting standards, IRS or ASPE, the business is likely to use in its financial statements. Give reasons for your choice.

Answer rating: 100% (QA)

For a small business focused on providing healthy meals based on online orders a proprietorship or a partnership would likely be the most suitable bus... View the full answer