Analyze the business entity options available

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Question

Assume you just completed your master's degree in business management and are planning on starting a small business with $2 million that you inherited from an uncle. You have several ideas in mind, which include buying 50% of an existing retail business, buying an existing franchise business that nets about $100,000 a year, or starting your own business from scratch.

Analyze the business entity options available, discussing the major issues to consider when starting a business. Remember, you just graduated from college with no experience running a business. Assess your own experience and skills, then look for/identify partners or key employees to compensate for your deficiencies.

Reference no: EM133653785

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