Business questions

  1. What are the advantages of legally creating a business entity?
  2. According to the course textbook, how do you close a corporation?
  3. What is a limited partnership?
  4. Susan loves baking. She can bake pretty much anything. Her home kitchen has professional grade cooking equipment. She have become the go to person for wedding cakes, birthday cakes, and special event sweets. Bill is her husband and enjoys that she make over $3000 a month doing it.

She does not own a business and wants to start one for baking. What advice would you give her based on the course reading this week?

Sample Solution