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In making a choice, entrepreneur will want to take into account which points while selecting the form of ownership? |
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Answer» In making a choice, entrepreneur will want to take into account following points while selecting the form of ownership : (i) Vision: Vision regarding the size and nature of business. (ii) Control: The level of control the entrepreneur wishes to have. (iii) Structure: The level of “structure” entrepreneur is willing to deal with. (iv) Vulnerability: The business’s vulnerability to lawsuits. (a) Tax concern: Tax implications of the different organizational structures. (vi) Profit/Loss: Expected profit (or loss) of the business. |
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