Question: Joan Hoyt is considering opening a small retail store to sell knives and other kitchen utensils. She has a small amount of money to invest

Joan Hoyt is considering opening a small retail store to sell knives and other kitchen utensils. She has a small amount of money to invest and wants to maintain as much control over the business as she can. She has asked you to help her decide how to finance her business. Describe the primary issues you would suggest Joan to consider.

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The three forms of business Organizationsproprietorships Partnerships Corporations To maintain control Joan probably would want to organize her business as a proprietorship ... View full answer

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