What are the advantages and disadvantages of organizing a new firm as a sole proprietorship?
Answer to relevant QuestionsIs a sole proprietorship an appropriate form of ownership for an aggressive entrepreneurial firm? Why or why not? What is the difference between preferred stock and common stock? Tom Andersen owns an electronics firm in Wichita, Kansas. He has told you that he has been suffering some cash flow problems, but has avoided having to borrow money by letting some of his bills run late. When you raised your ...Is it too early for Jack and Sarah to begin laying an ethical foundation for the proposed venture? If not, what steps could they take now as a foundation for an ethical culture within their firm? What are some of the more important criteria to consider when selecting an attorney for a new firm?
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