Explain business as a sole proprietorship, Operation Management

Assignment Help:

Conway just received his contractor's license in the state of Virginia. For years, Conway did light construction work for a few commercial accounts. He was very successful and had enough clients to keep him busy, along with his father and brother, working six days a week. Occasionally, a client would hire Conway to do a substantial amount of carpentry work for an entire business. Conway has purchased a substantial amount of property. He intends to create an upscale neighbourhood containing houses valued in the $200,000 range. He realizes that he will have to borrow heavily to construct the first few houses. At present, Conway's business operates as a sole proprietorship. Should Conway continue to operate his business as a sole proprietorship? Should he operate his business as a partnership? Explain why or why not.


Related Discussions:- Explain business as a sole proprietorship

Industrial society - operations function, Industrial Society - Operations F...

Industrial Society - Operations Function In the industrial society, estimated during the period of growth of industrialisation roughly 1820-1920, machines and the production o

Any real problem may be self problem apply the system aprf, any real proble...

any real problem may be self problem apply the system approach model to develop the appropriate solution for this problem

Expected effectiveness of plan, Expected effectiveness of plan: Ramon ...

Expected effectiveness of plan: Ramon Martinez is the general manager of Classic Inn, a local mid-priced hotelwith 100 rooms. His job objectives include providing resourceful

How an hr professional may designated that information, How an HR professio...

How an HR professional might designated that information/data as a critical result area? That's question. Reference where info came from.

Explain exceed the amount invested in auto loans, A bank is attempting to d...

A bank is attempting to determine where its assets should be invested during the current year. At present, $500,000 is available for investment in bonds, home loans, auto loans, an

Define the upside for michelle foster if ncy succeeds, What is the upside f...

What is the upside for Michelle Foster if NCY succeeds? What are the professional risks she faces?

Aims of functions of process engineering, Aims of Functions of process Engi...

Aims of Functions of process Engineering To determine what parts are to be manufactured and what parts to be purchased from outside. To determine the most econom

Explain strategies to reposition medical personnel, During the 1980s, the g...

During the 1980s, the general populace of these countries deteriorated, even though several Latin American countries developed strategies to reposition medical personnel and servic

Compute expected value for the add assembly line option, Howard Weiss, Inc....

Howard Weiss, Inc., is considering building a sensitive new airport scanning device.His managers believe that there is a probability of 0.40 that the ATR Co. will come out with a c

Explain company is using the economic order quantity, Part 1: A company is ...

Part 1: A company is using the Economic Order Quantity (EOQ) model to manage its inventories. Suppose its inventory holding cost per unit per year doubles while the annual demand a

Write Your Message!

Captcha
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