Question

1. Analyse the benefits and challenges of establishing a company versus other forms of ownership​

Answer 1

Explanation:

Some of the various forms of business ownership include:

• partnership
• sole proprietorship
• limited liability company

The benefits of establishing a company (limited liability company):

• owners asset are separated from any liability the company incurs > in sole proprietorship the owners personal asset can incur liability.
• excluded from federal income taxe.

The challenges:

• requires high setup cost > this is not the case with sole proprietorship.
• raising capital for operations is diffficult