What form of business organization

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The assignments for this course will focus on the Cookie Creations case study. This is the beginning of the case involving Natalie, who is investigating the possibility of starting her own business.

Question a. What form of business organization (i.e., proprietorship, partnership, or corporation) do you recommend that Natalie use for her business? Discuss the benefits and weaknesses of each form, and explain the reasons for your choice.

Question b. Will Natalie need accounting information? If yes, what information will she need, and why? How often will she need this information?

Question c. Identify specific asset, liability, and owner's equity accounts that Cookie Creations will likely use to record its business transactions.

Question d. Should Natalie open a separate bank account for the business? Why, or why not?

Reference no: EM132650432

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