Partnerships vs sole proprietorship

Assignment Help Operation Management

Reference no: EM131121338

PARTNERSHIPS VS SOLE PROPRIETORSHIP

Joan, is a jewelry designer who had created a unique new jewelry piece called a neacklet. It can be either a necklace or a bracelet. She would like to start her own business, but is not sure which form would suit her needs. She is very concerned about keeping control of her designs but has no capital except a small business loan. An older gentleman who owns his own jewelry store is eager to retire but has no buyers for his business. He has offered Joan a partnership with a chance for her to buy him out later. NewJewelry a large jewelry franchise who sells to the Home Shopping Network has offered Joan a chance to buy into their franchise and they will trademark and patent her design as part of their jewelry line. Joan comes to you to ask your advice. What would you tell her and why? Make sure that you explain the advantages and disadvantages of every business opportunity.

Reference no: EM131121338

Questions Cloud

Identify project-related problem : Identify a project-related problem that you have experienced (or are experiencing), and prepare a short summary that applies each of these stages, from initial problem to the final opportunity. You may decide to convert your summary into a risk manag..

What is expected price-partners will receive for business : Two partners have decided to sell the manufacturing business they have been running. They have lined up five prospective buyers and have hired a consultant to help them with the bidding and the sale. The consultant, an expert in assessments of this s..

UMFK business program marketing plan : This week you will develop your marketing strategy for your UMFK business program marketing plan. This is your strategy. You need to develop specific processes, products, programs, etcetera that will make your strategy a winner. We can assume that yo..

What is the break-even point in units and revenue : A new piece of equipment will have a fixed cost of $50,000 and the product it would produce has a variable cost of $12.00, and a selling price of $15.00. What is the break-even point in units and revenue? How many units must be sold to make a profit ..

Partnerships vs sole proprietorship : Joan, is a jewelry designer who had created a unique new jewelry piece called a neacklet. It can be either a necklace or a bracelet. She would like to start her own business, but is not sure which form would suit her needs. She is very concerned abou..

Impact on competitive advantage in international marketplace : The long term impact on competitive advantage in the international marketplace is that that the product and services can be sold anywhere, is not influence by time and location. The internet opens the field for competitive product and services and to..

Sale on personal computers : Our department store is having a sale on personal computers, of which three are in stock (no rain checks). There is a certain probability of selling none. The probability of selling one is twice as great the probability of selling none. The probabili..

Dealing with difficult clients for front-line staff : For this assignment, imagine that you have been appointed to lead a group of external consultants to devise and deliver a new learning programme for a new service centre (call centre) employing a staff of 250. Think about a potential learning program..

Describe the nature of stockout costs associated : Describe the nature of stockout costs associated with a stockout in the following: a. Raw materials inventories b. Work-in-process inventories c. Finished goods inventories

User Account

All Pages