What legal form of ownership would you recommend he use

Assignment Help Financial Accounting
Reference no: EM132941010

Question - Eddy has the world's best recipes for Chili and Hot Dogs, and at the urging of family and friends, is finally opening his restaurant, "Fast Eddy's". He has ample personal resources from his substantial fortune earned as a stock trader, so finances are not a concern. He does, however, have limited experience as a business operator and has many decisions to make. The first is what form of ownership he should employ.

Given the fact that he will be opening a restaurant and knowing a little about his personal situation and the different forms, you read about, what legal form of ownership would you recommend he use? Please give your rationale for your recommendation, including any possible downsides to the form.

Reference no: EM132941010

Questions Cloud

Discuss 3 job-specific competencies : Discuss 3 job-specific competencies that graduates of the training program should have to be successful in their future management positions.
Should birch close the plant for two months : The selling price is $26 per unit, variable costs are $16 per unit, fixed manufacturing overhead costs total $195,000 per month, Should Birch close the plant
Explain the role of employers : Explain the role of employers, trade unions and governments in industrial relations? Give relevant examples from the Pacific to explain your answer.
What is the burden of proof needed for the malpractice : In a lawsuit happy society, everyone is to blame. But are they? Consider the case where a patient does not follow doctor's orders for wound care (i.e., difficul
What legal form of ownership would you recommend he use : The first is what form of ownership he should employ. What legal form of ownership would you recommend he use
Why do group members conform to norms : Q1. Why Do Group Members Conform to Norms? The Pros and Cons of Conformity and Deviance
Human resource management concepts : You have recently joined to lead a team of 50 employees. You have 5 direct reports and the remaining 45 team members report to your 5 direct reports. You have b
Disadvantages of max weber theory : 1) There are disadvantages of Max Weber's theory. Suggest how you can improve the disadvantages of Max Weber's theory and why ?
How many shares would be the balance of investment : How many shares would be the balance of investment of Alpha with Bravo after the property dividends were distributed to its shareholders

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd