Reference no: EM133573983
1. Andrea is a teacher in a public school in Montreal. On weeknights and weekends, she drives to people's houses and does work as an esthetician. She does manicure, pedicure, facials, etc. She uses her car to get to and from clients. Based on how she's been doing these first few months, she thinks we will bring in 7,000$ from her esthetician clients this year.
1. What form of business should Andrea adopt? Explain
2. What are the advantages and disadvantages of this form of business ownership?
3. How should Andrea go about establishing her business (i.e., steps)?
4. What other things does Andre need in establishing her business (i.e., other rules, formalities, etc.)?
5. What legislation informs these rules/process?
2. John and Maggie are both psychologists in Montreal. They each have been seeing clients out of their home offices but met at a conference and decided that they'd like to rent office space together and open a psychology clinic. They want to give the clinic a name that includes the word "resilience" after their psychology of mental health.
1. What form of business should John and Maggie adopt? Explain
2. What are the advantages and disadvantages of this form of business ownership?
3. How should Andrea go about establishing her business (i.e., steps)?
4. What other things do John and Maggie need in establishing her business (i.e., other rules, formalities, etc.)?
5. What legislation informs these rules/process?
3. Mike was a DJ during his time at Cegep. Now that he's graduating, he wants to start a party animation business. He'll book DJs and animators for people throwing family events. He'll also provide games if you request (e.g., photobooths, basketball) and will rent these through party rental companies and other suppliers. His events and supplies will all be in Montreal. He wants to give his business a really slick name to brand what he does.
1. What form of business should Mike adopt? Explain
2. What are the advantages and disadvantages of this form of business ownership?
3. How should Mike go about establishing her business (i.e., steps)?
4. What other things does Mike need in establishing her business (i.e., other rules, formalities, etc.)?
5. What legislation informs these rules/process?
4. Carla and her sibling want to start a business importing and distributing exotic fruits throughout Canada. Their parents were i the food import business, and the've gained a lot of expertise and contacts throughout the country. They know that the food business can bo volatile and that there is a lot of risk (e.g., bad seasons due to weather, issues with soil conditions, changing consumer tastes, etc.) They want to call their business Cheeky Banana to be a little "edgy".
1. What form of business should Carla and her siblings adopt? Explain
2. What are the advantages and disadvantages of this form of business ownership?
3. How should Carla and her siblings go about establishing her business (i.e., steps)?
4. What other things do Carla and her siblings need in establishing her business (i.e., other rules, formalities, etc.)?
5. What legislation informs these rules/process?