In order to prepare for this assignment, READ the information contained in the document Salty Pawz Background.
NOTE: Please be certain to read the entire discussion assignment since in some cases there is more than one question you need to discuss, respond to, or address. Be sure that you have answered the entire question!
Post 1: Initial Post
This posting should be a minimum of one short paragraph and a maximum of two paragraphs. Word totals for this post should be in the 100200-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate.
Wanda is concerned that if she grows the business, she may face more financial and personal responsibility and liability than she is comfortable with. After reading this module, you know that one way to limit the liability and financial exposure of a business owner is by selecting the appropriate ownership structure. However, each form of ownership has its advantages and disadvantages.
- Consider the options available to Wanda as she selects a forms of business ownership for Salty Pawz and expands the business. For each form of ownership, carefully study the advantages and disadvantages of each ownership option as they relate to Wandas business. Which form of ownership would you recommend for Wanda and Salty Pawz and why?
- What if YOU were a business owner and you needed to select a form of business ownership? Would you select the same form of ownership you just recommended for Wanda? What would YOU take into consideration if YOU were the owner and needed to select from the ownership options available to Wanda? Are they the same things Wanda needs to consider, or are they different?