MGTA05H3 Study Guide - Quiz Guide: Production Planning, Main Source, Toronto Stock Exchange
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MGTA05H3 Full Course Notes
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Your friend paul is considering starting a carpentry shop to build custom furniture. He just wants to start the business as a sole proprietorship. In discussing the advantages and disadvantages of conducting business as sole proprietorship, you should tell paul about all of the following except: a) b) c) d) Paul may have difficulty obtaining a bank loan to purchase tools. Paul may have difficulty transferring his business to his son. Paul can start the business easily and for low cost. All of the answers are indeed relevant considerations. But when you are starting a business, you are least worried about passing the business along. Getting it started and going is more than enough worry. You may begin a business in any legal form you desire. A sole proprietorship must register its name, because: a) Government authorities need to collect gst from the business. Statistics canada wishes to track the number of business start-ups.
