Determining the form of business organization


Three individuals are recent college graduates. Jack came up with an idea for a new product that he believes will make the three of them very rich. His idea is to manufacture frozen drink machines for home use and market them to consumers throughout the Southeast. Jack's personal experience qualifies him to be both first-line supervisor and general manager of the new firm. Maria is a born salesperson. Jessica has little interest in sales or management, but she would like to invest a large sum of money that she inherited from her aunt. Thoroughly discuss the factors that Jack, Maria, and Jessica should consider in deciding which form of business organization to adopt.

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Business Management: Determining the form of business organization
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