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This is due tomorrow…..must meet the deadline……..DUE TOMORROW by 9 pm my time CALIFORNIA TIME
DO THE FOLLOWING:
This assignment tests your understanding of Learning Objective #4 – “Define and distinguish between sole proprietorships, partnerships and corporations.”
You have been able to save $100,000. Your best friend (you supply the name – it doesn’t have to be your real best friend) just won $100,000 in the California lottery.
You and your best friend have always talked about opening a store that sells (you name the store and provide a description of what the store will offer). You have enough money to start the store on your own. Your best friend wants to invest in the store with you, but you are not sure if you want [him/her] as a “partner.” Your assignment:
You must answer all of the questions above.
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