(1) Would you consider entering into a businesspartnership with your best friend? Why or why not? (2)Now turn the question around: Would your best friendconsider having you as a business partner?
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(1) Would you consider entering into a business
Now turn the question around: Would your best friend
consider having you as a business partner?
Step by step
Solved in 2 steps
- Create a list of what your looking for in a business partner.(1) Would you prefer going into a business with aseasoned professional you don’t know well or withsomeone you know, like, and trust but who doesn’thave a lot of business experience? Why? (2) What arethe three most important qualifications you would lookfor in a potential business partner?If you are to create a company/business, what form of business will it be?
- Is a limited partnership more likely or less likely to have a partnership agreement than a general partnership?1. Setting Up a Business Your friend, Olivia Graves, is going to start her own chocolate shop, called Chocolate-By-Design. Olivia is an expert candy maker and one of the city's top pastry chefs. Olivia has come to you for advice on what type of business Chocolate-By-Design should be-a sole proprietorship, partner- ship, or corporation. Create a report comparing the three different types of businesses, along with your recommendation for Chocolate-By-Design's business structure.If you are the owner of one of the most competitive/profitable grocery chain companies here in the country and would want to compete against the best in the industry, whats the next thing that you will do to your company? Go public or remain private? You may consider the current economic climate, political, and other factors for your decision- making.