Deidre McFadden came to the offices of Webber & Associates seeking help in organizing her business, Fashion Angels, a toy-making enterprise focusing on dolls with multiple outfits. She wants to run the business and has few personal assets so is not worried about personal liability. Deidre’s aunt, Penelope, is elderly, wealthy, and adores her only niece. Penelope is willing to invest $500,000 to start the business, and Deidre has $10,000 to contribute on her own. Deidre expects to do all the work without compensation as it will take at least a year before Fashion Angels will make any profit. Penelope will sign any agreement terms, with one condition. Penelope is insisting that Deidre cannot leave the company, stating “I don’t want my money going to a stranger, it’s for Deidre.”

Deidre is looking for your advice as to the type of entity that would suit her best. “I don’t want my aunt to become the target for bill collectors if I fail. And to be honest, I really don’t want her interfering in the business because she can be quite aggressive.”

What advice would you give Deidre?

Answers

Answer 1

Considering the situation described above, the best advice to be given to Deidre is to establish a Sole Proprietorship.

As a Sole Proprietorship, she would be the alpha and omega of the business, thereby avoiding the interference of her aunt, Penelope.

Also, as a Sole Proprietor, should the business fail, she would be the only one responsible for the liability when the bill collectors come, thereby freeing her aunt from any indebtedness.

Again, given that Deidre is not worried about personal liability and Penelope wants her not to leave the company, Sole Proprietorship is the best deal for her.

Hence, in this case, it is concluded that the correct answer is "Sole Proprietorship."

Learn more here: https://brainly.com/question/21203378


Related Questions

Which of the following are examples of structuring ?

Answers

An example of structuring would be a business with cash of $17,000 to deposit, breaking it into two deposits, one of $9,000 and the other of $8,000, with specific intent to evade the bank's currency transaction reporting requirement.

Differential Treatment
<
In your opinion, what can be done to limit or eliminate differential
treatment when it comes to the courts?

Answers

You have freedom of speech and you can talk about how people treat different cultures different but don’t have a victim mentality when talk about the issues or you can protest how u feel what’s right and what wrong about the things going on

Explain why the field of criminology is considered a social science and not a natural science.

Answers

Answer:

"Criminology is a multidisciplinary field because it involves social and psychological components in its basic goal of understanding crime and criminal behavior. Criminology is not primarily concerned with the criminal justice system. Rather, it involves study and research intended to better comprehend why crime occurs." – www.enotes.com

Explanation:

The field of criminology is considered a social science and not a natural science because it uses social trends to explain crime and justice.

What is criminology?

Criminology refers to the investigation of the criminal behavior of an individual which is influenced by social theory as well as those from other subjects that are not related to the law including economics, statistics, anthropology, and so on.

Understanding the underlying causes of illegal wrongdoing and creating effective and compassionate solutions for dealing with and eliminating it are the two main objectives of criminology.

Criminology considers crime and justice as social phenomena rather than natural science because it takes place due to situational factors and will be considered as a cultural component rather than a natural element.

Learn more about criminology, here:

https://brainly.com/question/10296980

#SPJ2

If you caught an employee stealing one dollar’s worth of office supplies, what would you do? What about twenty-five dollars’ worth of supplies? One hundred dollars’? One thousand? Should employees be trained not to even take a pencil home? Would that type of training be worth the cost of the training itself?

Answers

Answer:

it's to hard to explain but why he is stealing stealing is not good he must be perfect on job and yes it cost of the training itself

1. What is disease? ​

Answers

Answer:

any problem come by microorganisms

Answer:

hope that may help you

Explanation:

disease, any harmful deviation from the normal structural or functional state of an organism, generally associated with certain signs and symptoms and differing in nature from physical injury. A diseased organism commonly exhibits signs or symptoms indicative of its abnormal state.

An example of a disease is cancer

human disease, an impairment of the normal state of a human being that interrupts or modifies its vital functions

the types of disease

There are four main types of disease: infectious diseases, deficiency diseases, hereditary diseases (including both genetic diseases and non-genetic hereditary diseases), and physiological diseases. Diseases can also be classified in other ways, such as communicable versus non-communicable diseases.

Which theory proposes that the best way to deter crime is with punishment that is strict, sure, and swift to outweigh any benefits of law violation?


General theory of crime


Choice theory


Social control theory


Critical criminology

Answers

Answer:

Deterrence theory states that if punishment is certain, severe, and swift, then people will refrain from committing criminal acts. Deterrence theory is at the core of the criminal justice system, and the basis for most of strict punishments and long prisons sentences.

Which statement is true about early involvement of women in policing?
O A. Although police departments started employing police women in
the early twentieth century, it was not until the 1960s that women
began to hold higher-ranked administrative positions in policing.
O B. Early policewomen primarily worked with women and children,
rather than providing the same types of police services as male
officers.
O C. Prior to the appointment of the first policewoman in the early
twentieth century, police departments did not employ women,
other than occasionally to work as cleaners or secretaries.
D. The movement to involve women in policing was a fairly isolated
phenomenon, as women generally only worked in low-status non-
professional fields.

Answers

Answer:

the answer is b

Explanation:

Under what circumstances should a compensatory model be used when should a multiple hurdles model be used

Answers

All the time in the fact that your goi hg into a mode of codes
Other Questions
3x7= Can you Guys help I asked Peter , does your mom usually call you indirect speech You have three towels. The first towel is meters long. It is the length of the second towel. The length of the third towel is 5/12 of the sum of the length of the first and the length of the second. What part of the length of the third towel is the length of the second? I seriously need help with these two I really dont want any links? 4. Describe a time in the discussion when someone made a really good point and backed it up with strong reasons and evidence. What do alcohol, drugs, and tobacco all have in common?All have some medicinal value.All are harmful to the body.All are depressants.All are stimulants. can someone please help me with this i have 2 questions so yeah..1.Natalie and her friends decided to rent 4 lanes at regular cost for a party. Ten people need to rent shoes, and 4 people are members. What is the total cost for the party?medium sodas cost $1.25 and hot dogs cost $2.502. Natalies group brought in pizzas, but is buying the drinks at the concession stand. How many medium sodas can Natalies group buy with $20? Make a table to show your answer. A client in shock is experiencing a decrease in the glomerular filtration rate (GFR). What is the physiologic reason for the kidney to decrease GFR at this time Which option is the most likely explanation for the differences between the demographics of the state's population and the demographics of district judges in Texas Help please and give an explanation i really want to understand this. A certain manufacturing process might 5 hours in the best-case scenario, 7 hours in the most likely situation, or 10 hours under the worst possible circumstapproximately the most realistic duration the process might take according to PERT?OA.5 hoursOB.6 hoursOC. 7 hoursOD. 8 hours I need a little help with trigonometric ratios. What is the ratio to find x? Please provide an explanation to get brainliest. Consider the inequality. Which value of x is a solution to the inequality? [tex]3\frac{3}{4} +8\frac{3}{4}[/tex] A good argument acknowledges opposing arguments and counterclaims. It then refutes or rebuts them. To refute or rebut something is to prove that it is false. Refuting a counterclaim is a persuasive technique because: your reader will see that you have thoughtfully considered all sides of an issue. rewrite this in ur own words A. WealthB. Level of livingC. liquidityD. Assets Choose whether the bolded part of the sentence is the subject, direct object, or indirect object.Are we supposed to bring Nina a birthday present?Choose 1 answer:Choose 1 answer:(Choice A)Asubject(Choice B)Bdirect object(Choice C)Cindirect object Which of the following is one branch or part of the government?CongressParliament The Supreme Court decision ruling that "separate but equal" was constitutional and allowed racial segregation to take place was a. Shelley v. Kraemer b. Brown v. Board of Education c. Loving v. Virginia d. Plessy v. Ferguson A ball is released freely from the top of a building 80m high. Find its speed.