Advantages and disadvantages of your chosen business entity

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Reference no: EM132166922

For the purpose of this assignment, your uncle has decided to retire and has asked you to take over his Bed and Breakfast Inn (B&B). It is currently organized as a sole proprietorship and has fairly regular annual repeat customers (mostly families on vacation). Review and answer the following questions:

What changes do you think you might implement to make the B&B more successful?

Would you stay with a sole proprietorship? Why?

If you are going to change the type of business entity, which business entity form would you choose for the B&B?

What do you feel would be the advantages and disadvantages of your chosen business entity?

Assuming there are other B&Bs and hotels in the area, how would your business be similar to or different from your competition?

In your own words, post a response to the Discussion Board, and comment on at least 2 other postings. You will be graded on both level of engagement and the quality of the contribution to the discussion.

Reference no: EM132166922

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