Which form of business organization to adopt

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Q. Jackson, Maria and Jessica are college graduates. Jackson came up with an idea for a new product which he believes will make the three of them very rich. His idea is to manufacture frozen drink machines for home use and market them to consumers throughout the Southeast. Jackson's personal experience qualifies him to be both first-line supervisor and general manager of the new industry. Maria is a born salesperson. Jessica has little interest in sales or management, but she would like to invest a large sum of money which she inherited from her aunt. Thoroughly discuss the factors which Jackson, Maria and Jessica should consider in deciding which form of business organization to adopt.

Reference no: EM1385356

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