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You have a website design business and business is booming. You just got a contract to design and maintain the websites

Posted: Thu Apr 28, 2022 2:36 pm
by answerhappygod
You have a website design business and business is booming. You
just got a contract to design and maintain the websites of a major
retail chain.
You need to hire 10 more people, move to a larger location and
purchase new equipment. You need $200,000 to fund this
expansion.
You are currently operating as a sole proprietorship. Do you
need to change your business structure? Why or why not? If yes,
what would you change it to and why?