preview

Wildhorn Resort Case Study

Satisfactory Essays

Wildhorn operated a resort called the Wildhorn Ranch Resort in Teller County, Colorado. It seems to me this resort is own by Mr. Watters. Even though that the ranch was owned by the corporation, the deed for the property listed Watters as the owner. The way it looks to me this form of business is sole proprietorship. Because Watters paid little attention to corporate formalities, holding corporate meetings at his house, never taking minutes of those meetings, and paying the debts of one corporation with the assets of another. A big sign of sole ownership he can anything he want to do. According to Cheeseman sole proprietorship is a “form of business in which the owner is actually the business; the business is not a separate legal entity” (Cheeseman

Get Access