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1.B
2.Partnership
3.Advantages:You are in charge,Having help running your business with a partner,
4.Disadvantages:Starting the business,Making all the decisions

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1.We read B
2. Partnership
3.Greater possible capital availability,Greater resources for decisions making
4.Unlimited liability in general partnerships, Having to divide the authority for making decisions

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1. B
2. Solo Proprietorship
3. Advantages- you control the hours, you gain all the profit, no formal business requirements
4. Disadvantages- All of the liability comes down on you, you're in charge of everything

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1. B
2. Partnership with his wife
3. Financial advise, accounting advise, to help with running the businesses finances.
4. Have to start the business from scratch, could cause strain on his marriage.

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1. Scenario B
2. A Partnership
3. Marlin is good at carpentry and his wife is good accounting.
4. If they were to fight while at work it could impact their live at home with their spouse.

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We read scenario B.
For scenario B, they should choose LLC for their business organization.
The advantages are that they will have liability and protection if they mess up and make a mistake, and they wouldn't have to go in debt.
The disadvantages are that an LLC is expensive to get going and operate, and you would have a start up fee rather than it being a partnership, where you wouldn't have to pay that fee.

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We read Scenario B
Scenario B they should choose LLC for their business organization. Their advantages would be that they will have liability and protection if something messes up or they make a mistake, they won't have to go in debt. Disadvantages would be that they are in charge of everything and the money is separated across a group of people.
We read scenario A
Scenario A It's a corporation because 3 of them are managing a business. The advantages would be that there is more people to help manage the work load all of their degrees are in computer and business, little competition and they're the only ones who will do both web design and computer software and hardware/ software and troubleshooting. The disadvantages are that they have less pay because it's being split, and the more people the more they disagree and have arguments.

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We chose B - this is a partnership because it is 2 people working together and forming there own business. We would choose to do partnership because you dont have to worry about being alone and you have another person to count on.
Advantages- not alone,work together, your getting more help
Disadvantages- if they dont want to put alot of effort, argue,

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B.
it's a

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We chose A.
They were a corporation because it was a group of three people
advantage - it is a group of people so you don't have to do all the decision making. its easier on you and your friends your working with.
disadvantage - there could be arguments about money and arguments about hours each of you work.

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1. We read scenario A.
2. They would be a corporation because there are three of them managing the business together.
3. There is more help to manage the load, their degrees are all in computer and business, little competition and they're the only ones who will do both web design and computer hardware/software troubleshooting.
4. They will receive less pay since they have to split cost into 3 plus workers (if they get them), more people owning one business->more disagreements on how to run things.

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We read scenario B, and we choose that it is a partnership type of business. The advantages of the choice is that they will work together. Another advantage is that that they will be able to help each other and create ideas together for the business. The disadvantages of the choice is that they will probably get into arguments. Another disadvantage is that if they get divorced they will probably fight over the rights of the business.

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1. C
2. Make a partnership with his wife
3. -Happy
-They get to make their decisions together
-His family will receive all profits
4. -Starting from scratch
-Chance for failure

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B. I think its better to be your own boss, set your own hours, answer to nobody at the end of the day because you can't put a price on freedom

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Scenario D
1. I think they should choose to be a LLC. The advantages are that not all the weight is on their head and they have help with other people. Disadvantages would be that they have never held a business is a LLC is one of the hardest to start.

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Corporation-A
Sole Proprietorship-B
Partnership-C
LLC-D
I would personally choose either a sole proprietorship or a partnership, because i would get the most amount of profit but yet i know that the unlimited liability is a major disadvantage.

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A~ Corporation
B~ Sole Proprietorship
C~ Partnership
D~ Limited Liability Company
I would personally choose the LLC (scenario D) because it protects me and my assets better as well as it's one of the cheapest businesses to start.

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                                         DIRECTIONS

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                                         DIRECTIONS

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At your table, read through the scenarios, choose one and answer the questions about that scenario.