Question: Pls answer the attach questions with format words clearly. Tom Jones and Jane Fonda formed the TJ Cake Company. The company produced a full line

Pls answer the attach questions with format words clearly.
Tom Jones and Jane Fonda formed the TJ Cake Company. The company produced a full line of cakes, and its specialties included chess cake, lemon pound cake, and double-iced, double-chocolate cake. The couple formed the company as an outside interest, and both continued to work at their current jobs. Tom did all the baking, and Jane handled the marketing and distribution. With good product quality and a sound marketing plan, the company grew rapidly. In early 2018 , the company was featured in a widely distributed entrepreneurial magazine. Later that year, the company was featured in National Food, a leading specialty food magazine. After the article appeared in the megazine, sales exploded, and the company began receiving orders from all over the world. Because of the increased sales, Tom left his other job, followed shortly by Jane. The company hired additional workers to meet demand. Unfortunately, the fast growth experienced by the company led to cash flow and capacity problems. The company is currently producing as many cakes as possible with the assets it owns, but demand for its cakes is still growing. Further, the company has been approached by a national supermarket chain with a proposal to put four of its cakes in all of the chain's stores, and a national restaurant chain has contacted the company about selling T cakes in its restaurants. The restaurant would sell the cakes without a brand name. Tom and Jane have operated the company as a sole proprietorship. They have approached you to help manage and direct the company's growth. Specifically, they have asked you to answer the following questions: 1. What are the advantages and disadvantages of changing the company organization from a sole proprietorship to an LLC? 2. What are the advantages and disadvantages of changing the company organization from a sole proprietorship to a corporation? 3. Ultimately, what action would you recommend the company undertake? WhyStep by Step Solution
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