College of San Mateo Business Structure of Salty Pawz Questions

Read the case(in upload file) and follow the instructions below

Wanda is concerned that if she grows the business, she may face more financial and personal responsibility and liability than she is comfortable with. The way to limit the liability and financial exposure of a business owner is by selecting the appropriate ownership structure. However, each form of ownership has its advantages and disadvantages.

Answer the following questions:

1. Consider the options available to Wanda as she selects a forms of business ownership for Salty Pawz and expands the business. Summarize the advantages and disadvantages of each ownership option as they relate to Wanda’s business. Which form of ownership would you recommend for Wanda and Salty Pawz and why?

2. What if you were a business owner and you needed to select a form of business ownership. What type of business would you own? Summarize the advantages and disadvantages of each ownership option as they relate to your business. Which form of ownership would you select why?

List question and answer. Total assignment not including question text: 350 words.