in Sole Trader and Partnership Business Natalie runs a small catering service from her home, providing hot lunches for the management of three firms in Panasonic. She has two employees a driver and an assistant cook. She would like to bid for catering contracts at more firms and possibly expand into catering for private dinner parties but could not do all this from her home. She is worried about how she would manage the operation. One of her worries is that she has no experience beyond institutional catering. Questions

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter13: Choice Of Business Entity—general Tax And Nontax Factors/formation
Section: Chapter Questions
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Issues and Regulations in Sole Trader and Partnership Business
Natalie runs a small catering service from her home, providing hot lunches for the management of
three firms in Panasonic. She has two employees a driver and an assistant cook. She would like
to bid for catering contracts at more firms and possibly expand into catering for private dinner
parties but could not do all this from her home. She is worried about how she would manage the
operation. One of her worries is that she has no experience beyond institutional catering.
Questions
1. Advise Ms Natalie at least two alternative forms of business organization available to her.
Transcribed Image Text:Issues and Regulations in Sole Trader and Partnership Business Natalie runs a small catering service from her home, providing hot lunches for the management of three firms in Panasonic. She has two employees a driver and an assistant cook. She would like to bid for catering contracts at more firms and possibly expand into catering for private dinner parties but could not do all this from her home. She is worried about how she would manage the operation. One of her worries is that she has no experience beyond institutional catering. Questions 1. Advise Ms Natalie at least two alternative forms of business organization available to her.
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