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natima [27]
3 years ago
10

What is the situation? You are an entrepreneur who created a business about ten years ago. It has been very successful and has g

rown a lot in the decade since you launched the business. Now, you have a decision to make. Will you keep this growing business as a sole proprietorship, or will you change it into a partnership or corporation? Your employees expect you to announce your decision in just a few days! What is your task for this project? Your task is to create the text for a short speech that you, as the head of this business, would give to your employees to let them know what you have decided to do with the business. You may choose to (a) keep the business a sole proprietorship, (b) change it into a partnership, or (c) change it into a corporation (which we call “incorporating” the business). For the purposes of this project, you are welcome to decide what kind of product or service your business offers, but that is not required. It may just make it easier to decide what type of business structure would work best for the business you are running for this project. In your speech, you must do each of the following (in any order): • Announce what type of business structure your business will have (sole proprietorship, partnership, or corporation). • Explain the advantages that led you to choose this type of business structure. (For full credit, you need to accurately address multiple advantages, not just one.) • Explain the disadvantages that led you to decide against each of the other two options that you did not choose. (For full credit, you need to accurately address multiple disadvantages for both discarded options.)
Social Studies
1 answer:
oksano4ka [1.4K]3 years ago
4 0

Answer:

I would have a  Partnership because the advantages of a partnership is the business can see more than just what one person offers but what the partner can offer as well, if one of the employers isn't there the other can watch the businesses while he is away. the disadvantages of a sole proprietorship is if one person is running it there are less ideas, and less people to watch the company, and harder for one person to juggle the mess of an employer. the disadvantages of a corporation is there is just chaos no one person to lead the herd. there isn't someone to round up everyone if need be. Everyone just does what they want to do

Explanation:

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2 years ago
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FrozenT [24]

Answer:

i don't know

Explanation:

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8 0
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Someone who enters into a contract when she or he is intoxicated can void the settlement if she or he no longer realizes the prison consequences. False.

A void settlement is a contract that isn't always legally enforceable, beginning from the time it was created. whilst each void and voidable agreement is null, a void contract can not be ratified. In a felony feel, a void agreement is treated as though it was in no way created and becomes unenforceable in the courtroom.

A settlement to perform an illegal act is an example of a void agreement. for instance, an agreement between drug sellers and customers is a void settlement absolutely because the terms of the agreement are unlawful. In this sort of case, neither birthday party can visit the court to put in force the settlement.

With a void contract, the contract can't come to be legitimate just through both events agreeing, as you can't commit to doing something unlawful. Voidable contracts may be made legitimate if the celebration who is not bound agrees to give up their rights to rescission. Examples of void contracts could consist of prostitution or gambling.

Learn more about the void contracts here: brainly.com/question/15274330

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The correct answer is <em>D. Responsibility. </em>

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