Case study 2 -: Legal considerations

Business Structures:

Sole Proprietorship = one owner (self-employed), unlimited liability, simple structure.

Partnership = two or more owners, unlimited liability, share costs/profits, contract/legal agreement advised.

Corporation = shares determine ownership, limited liability, requires proper legal documents, registration with government.

Questions:

What kind of business structure will you use?

Why did you choose this type of business structure?

Watch “Caplanski’s Deli” – do you think he was right or wrong? Why?

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