Business, 01.03.2021 21:50 kingbob101

Match each business structure with the scenario that illustrates it. Tiles
sole proprietorship
corporation
limited liability corporation
partnership
Pairs
Bob just finished school in auto mechanics. He and two
of his friends graduated at the top of their class and
made several good contacts in their community. They
just purchased a garage and plan to open their own
shop. They meet daily to decide how many employees
they need, how they will advertise, and how they will
divide the profits.

Sandra worked as a nurse in a major hospital for 20
years. She enjoyed her work, and was good at it, but
she didn’t like how short-term stays didn’t give her the
opportunity to help her patients with their health care
over time. She decides to start a home health care
business. Because she is well known as an excellent
nurse, Sandra has had no trouble finding eight patients
whom she visits daily to monitor their ongoing health.
She has decided to use her initial profits to buy a van so
she can transport medical equipment to patients when
needed.

Anita and Marco own three popular restaurants. They
are doing well financially but lately have begun to
worry about lawsuits because of food poisoning. It
seems that bacteria such as E. coli are in the news
quite often. Anita and Marco know that none of their
children want to take over the business when they
retire, and they have no interest in selling stock in
their business. They decide to transition their business
to a business structure that better meets their needs.

The Anderson sisters have built their 10 athletic stores
from the ground up. They know that the concept for
their stores is successful and have plans to expand
even urther. But they need money and professional
advice. The sisters decide to restructure their business
so they will be able to eventually sell stock and have
more people to advise them.

Answers: 2

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Match each business structure with the scenario that illustrates it. Tiles
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