Business 10th Edition by Ferrell,Geoffrey Hirt,Linda Ferrell

Exercise 17

Selecting a Form of Business
Background
Ali Bush sees an opportunity to start her own website development business. Ali has just graduated from the University of Mississippi with a master's degree in computer science. Although she has many job opportunities outside the Oxford area, she wishes to remain there to care for her aging parents. She already has most of the computer equipment necessary to start the business, but she needs additional software. She is considering the purchase of a server to maintain websites for small businesses. Ali feels she has the ability to take this startup firm and create a long-term career opportunity for herself and others. She knows she can hire Ole Miss students to work on a part-time basis to support her business. For now, as she starts the business, she can work out of the extra bedroom of her apartment. As the business grows, she'll hire the additional full- and/or part-time help needed and reassess the location of the business.
Task
1. Using what you've learned in this chapter, decide which form of business ownership is most appropriate for Ali. Use the tables provided to assist you in evaluating the advantages and disadvantages of each decision.