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Name_________________________ Class _________________ Date _________ Sole-Partners-Corporate Activity Directions: Work as a sole proprietor, partnership, or corporation to provide responses

to the scenarios in the space provided. Be prepared to present your findings. Sole Proprietorship Scenario Mary ones operates her o!n staffing agency. Mary has a"out #$ steady companies that re%uest her services to send temporary !orkers for various &o"s. 'he handles all the financial, advertising, operations, and management issues for the agency. Mary used a gift of ()$,$$$ from her grandmother to start the agency. 'he !ould like to e*pand the agency. 'he uses all her profit to sustain her personal living arrangements. +fter seven days of constant rain, Mary reali,ed soon after the rainy days that !ater is leaking from several places of the roof. 'he is planning to "orro! money to have the roof repaired. Complete the ta"le using information from the scenario -ype Sole Proprietorship .!ner/s0 Manager/s0 +dvantage/s0 Disadvantage/s0 Source(s) of investment Other information Considering the responses to the a"ove items, !hat should the "usiness o!ner do !ith the "usiness1 Why?

Name_________________________ Class _________________ Date _________ Sole-Partners-Corporate Activity Directions: Work as a sole proprietor, partners, or corporation to provide responses to the scenarios in the space provided. Be prepared to present your findings. Partnership Scenario Ma* and -im en&oy skiing so much that they are thinking a"out opening a ski resort. Ma* recently inherited a"out )$$ acres of land in the mountains. -his amount of land !ill easily accommodate a ski resort. -im has a"out (#$,$$$ in his saving account. -im2s neigh"or, Bo", operates a successful "usiness. Both of them have limited kno!ledge a"out operating a "usiness. -hey talk a"out offering ski slopes, e%uipment, housing, food, and entertainment at the resort. Ma* may have to continue !orking his full3time &o" as a teacher even once they opened the resort. -im is ready to %uit his &o" as an attorney right a!ay and start the "usiness. Complete the ta"le using information from the scenario -ype Partnership .!ner/s0 Manager/s0 -ype of partners should "e considered +dvantage/s0 Disadvantage/s0 'ource/s0 of investment .ther information Considering the responses to the a"ove items, !hat should they do !ith their resources and desire to open the ski resort1 Why?

Name_________________________ Class _________________ Date _________ Sole-Partners-Corporate Activity Directions: Work as a sole proprietor, partners, or corporation to provide responses to the scenarios in the space provided. Be prepared to present your findings. Corporation Scenario + company !ants to e*pand to several other cities. -he "oard of directors proposed the option of selling #$$ more shares to o"tain the funds. -he company stock value has decreased a"out )4 over the past year. -he corporation has earned an average profit of over (5$,$$$ for the past three years. Complete the ta"le using information from the scenario -ype Corporation .!ner/s0 Manager/s0 +dvantage/s0 Disadvantage/s0 Source(s) of investment Ho coul! e"pansion help the corporation ith the !ecrease! stoc# value? Considering the responses to the a"ove items, should the company pursue its e*pansion plans? $hy?