1.

In making a choice, entrepreneur will want to take into account which points while selecting the form of ownership?

Answer»

In making a choice, entrepreneur will want to take into account following points while selecting the form of ownership : 

(i) Vision: Vision regarding the size and nature of business. 

(ii) Control: The level of control the entrepreneur wishes to have. 

(iii) Structure: The level of “structure” entrepreneur is willing to deal with. 

(iv) Vulnerability: The business’s vulnerability to lawsuits. 

(a) Tax concern: Tax implications of the different organizational structures. 

(vi) Profit/Loss: Expected profit (or loss) of the business.



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