The McGee Cake Company mini-case will allow you to see how the organizational structure of a company can influence the overall profitability of a company. You are in the role of a consultant.
Include the following questions in the short essay:
- What are the advantages and disadvantages of changing the company organization from a sole proprietorship to an LLC?
- What are the advantages and disadvantages of changing the company organization from a sole proprietorship to a corporation?
- Ultimately, what action would you recommend the company undertake? Why?