Wanda, the founder and owner of Salty Pawz, a small business that specializes in preparing and selling high-quality gour
Posted: Sun Jul 03, 2022 1:32 pm
Wanda, the founder and owner of Salty Pawz, a small businessthat specializes in preparing and selling high-quality gourmet dogtreats. Like many entrepreneurs, Wanda has a great deal ofexperience and expertise in the specific products she produces, butknows little about the broader business environment. As a studentof business, you will find that throughout the course Wanda willneed your help and ask your advice. The information contained inthis case study is taken from Wanda’s business operations and isprovided to give you the information needed to apply the conceptsand theories from your course directly to Wanda’s business.
Wanda is concerned that if she grows the business, she may facemore financial and personal responsibility and liability than sheis comfortable with. After reading this module, you know that oneway to limit the liability and financial exposure of a businessowner is by selecting the appropriate ownership structure. However,each form of ownership has its advantages and disadvantages.
Consider the options available to Wanda as she selects a formsof business ownership for Salty Pawz and expands the business. Foreach form of ownership, carefully study the advantages anddisadvantages of each ownership option as they relate to Wanda’sbusiness. Which form of ownership would you recommend for Wanda andSalty Pawz and why?What if YOU were a business owner and you needed to select a formof business ownership?
Would you select the same form of ownership you just recommendedfor Wanda?
What would YOU take into consideration if YOU were the owner andneeded to select from the ownership options available to Wanda? Arethey the same things Wanda needs to consider, or are theydifferent?
Wanda is concerned that if she grows the business, she may facemore financial and personal responsibility and liability than sheis comfortable with. After reading this module, you know that oneway to limit the liability and financial exposure of a businessowner is by selecting the appropriate ownership structure. However,each form of ownership has its advantages and disadvantages.
Consider the options available to Wanda as she selects a formsof business ownership for Salty Pawz and expands the business. Foreach form of ownership, carefully study the advantages anddisadvantages of each ownership option as they relate to Wanda’sbusiness. Which form of ownership would you recommend for Wanda andSalty Pawz and why?What if YOU were a business owner and you needed to select a formof business ownership?
Would you select the same form of ownership you just recommendedfor Wanda?
What would YOU take into consideration if YOU were the owner andneeded to select from the ownership options available to Wanda? Arethey the same things Wanda needs to consider, or are theydifferent?