Jack and Louisa own a car wash
Not what you're looking for?
Jack and Louisa own a car wash. Jack and Louisa propose expanding their business by opening two more car washes in the same city. Louisa is a bookkeeper for a major corporation. She intends to eventually quit her job to operate the car washes full time. Jack and Louisa are going to hire a mechanic, Greg, who once owned his own chain of car washes in another city. Jack and Louisa currently operate as a limited partnership. Greg suggests that Jack and Louisa should change to a corporate form. Should Jack and Louisa change from the limited partner form of business organization to a corporate form? Explain your reasoning.
Purchase this Solution
Solution Summary
This solution discusses whether Jack and Louisa should change from the limited partner form of business organization to a corporate form.
Solution Preview
Jack and Louisa own a car wash. Jack and Louisa propose expanding their business by opening two more car washes in the same city. Louisa is a bookkeeper for a major corporation. She intends to eventually quit her job to operate the car washes full time. Jack and Louisa are going to hire a mechanic, Greg, who once owned ...
Purchase this Solution
Free BrainMass Quizzes
Motivation
This tests some key elements of major motivation theories.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.