Which type of legal form of business ownership will you use

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Reference no: EM132182892

The business is electic dustbins, society there is a greater eye on keeping elctric dustbins wherin the two different dustbins is to be provided one wet garbage and the other for dry garbage, when the people throw their garbage it will automaically recycle by there an dthen itsely, obviously since it is electric therefore there are chances of elcetric shock. THIS IS THE BUSINESS I CAME UP WITH CAN YOU HELP ME, ANSWER THE QUESTION BELOW??

1. Write appropriate vision and mission statements for your venture.

2. Which type of legal form of business ownership will you use: sole proprietorship, partnership, or corporation? Why?

3. Many small businesses operate in an industry dominated by big brand franchises. Evaluate the pros and cons and explain why you will or will not be part of a franchise system.

4. Regarding your decision-making and control/authority, will you deploy a centralizedor a decentralized organizational structure? Explain your rationale.

Reference no: EM132182892

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