Discuss disadvantages for organizing computing technologies

Assignment Help Operation Management

Reference no: EM131947232

Scenario: Inez is a sole proprietor/owner of TechTrac, a computer and IT consulting business. Her clients are small to medium sized businesses, colleges, and individual home users. Inez wants to expand her business, buy new equipment, and hire an employee. She needs to obtain additional capital to expand TechTrac, but she does not want to lose control of the business. Also, Inez has chosen not to take out any sort of loan or use a credit card to obtain additional capital to expand.

As a sole proprietor, what is her best option to obtain additional capital to expand and yet retain control of the business? Why? (you do not not need any additional facts to answer the question)

Learning Activity:

Read case scenario below and analyze.

Scenario: Richard and 6 friends plan to start a computer systems, software and technical support business in that will (1) design, install and provide support for various computer systems for businesses, (2) sell, install, and provide technical support for businesses for various types of software, and (3) provide general technical support for businesses needing technical help with computer systems, hardware, and/or software.

The business name will be Computing Technologies. Richard and friends are prepared to grow the business quickly and initially hire office support staff, a full-time marketing and client relations professional, and approximately 8 technical staff.

Richard and his friends are concerned about various types of liabilities for Computing Technologies and think they want to organize the business as a LLC.

A. Discuss specific advantages of organizing Computing Technologies as a LLC.

B. Discuss disadvantages for organizing Computing Technologies as a LLC.

Reference no: EM131947232

Questions Cloud

Find the best combination of labor hours : Formulate and develop a LP model to find the best combination of labor hours and that yields the lowest cost.

Find bob yield rate for the twenty-year period : Bob deposits $1,500 at the beginning of each quarter for sixteen years in a fund earning a nominal rate of interest of 6% convertible monthly.

What potential penalties does terry face : What potential penalties does Terry face? What about Heather Friend, CPA? Does she have an obligation to attend?

What is the duty of the hospital to properly maintain : Imagine you are on the jury in this case. How does the fact that this patient's record turned up missing make you feel about the hospital's case?

Discuss disadvantages for organizing computing technologies : Richard and his friends are concerned about various types of liabilities for Computing Technologies and think they want to organize the business as a LLC.

What are the different types of conflict of interest : What are the different types of conflict of interest? What is the difference between actual, potential, and apparent conflicts of interest?

What was the average annual compound rate of interest : Bobby borrowed $7,000 from his father to purchase a high-end bike. Bobby paid back $9,000 to his father at the end of 4 years.

Describe strategies that can be implemented to improve : She had been working on an alternative plan, had developed handouts, and was ready to make a suggestion at this meeting.

Differences between ordinary and extraordinary : Describe the differences between ordinary and extraordinary means to keep a person alive.

User Account

All Pages