Current Industry Industry Aspire Organizational Form Ideal Post Address Defining Character Q34188723

In your current industry or an industry you aspire to be in,what organizational form is ideal and why? In your post, addresssome defining characteristics of the form you chose, includingrights and duties of the business owner. Also, address advantagesand disadvantages of the form you selected.

Expert Answer

I aspire to be in food and hospitality industry. I feel soleproprietor is an ideal form in this particular industry for a smallto mid sized restaurant. Sole proprietor is characterizted by abusiness being owned by a single individual and setting it up isextremely easy. While with sole proprietor one loses the expertisethat comes with