ENT Chapter 5 Activity

Sarah and Mark want to open a small bakery where they both contribute capital, share profits equally and have equal control over the day-to-day operations. They want a simple business structure. Which form of ownership is most suitable for Sarah and Mark?

• Sole Proprietorship

• Partnership

• • Public Limited Company

• Private Limited Company

Jane has a passion for photography and plans to start her photography business as a solo venture. She wants to retain full control over decision-making and enjoys the simplicity of operations. Which form of business ownership is most suitable for Jane?

• Sole Proprietorship

• Partnership

• • Public Limited Company

• Private Limited Company

Mike and Lisa are considering opening a trendy new restaurant in a competitive market. They anticipate the need to raise significant capital from a small group of investors and want to limit their personal liability. Which form of ownership is most suitable for Mike and Lisa?

• Sole Proprietorship

• Partnership

• • Public Limited Company

• Private Limited Company

Emily is a successful freelance graphic designer who often collaborates with other designers on projects. She wants a business structure that allows her to work independently but also brings in other professionals when needed. Which form of business ownership is most suitable for Emily?

• Sole Proprietorship

• Partnership

• • Public Limited Company

• Private Limited Company

Tom, a successful software engineer, plans to develop a new mobile app. He intends to seek to obtain funding by selling shares on the stock exchange market to scale the business rapidly. Which form of ownership is most suitable for Tom's startup?

• Sole Proprietorship

• Partnership

• • Public Limited Company

• Private Limited Company

Peter and Laura are real estate investors who want to pool their resources together to acquire and manage rental properties. Peter is good at sales while Laura is excellent at finances. Which form of ownership is most suitable for Peter and Laura?

• Sole Proprietorship

• Partnership

• • Public Limited Company

• Private Limited Company

Maria and Carlos are experienced car mechanics who plan to open an auto repair shop together. They anticipate the need for significant equipment and want to limit their personal liability. Which form of ownership is most suitable for Maria and Carlos?

• Sole Proprietorship

• Partnership

• • Public Limited Company

• Private Limited Company

Lisa and Paul are planning to start a small organic farm. They agree to distribute profits based on the amount of shares each possess. They plan to keep the business within the family and not invite outsiders. Which form of ownership is most suitable for Lisa and Paul?

• Sole Proprietorship

• Partnership

• • Public Limited Company

• Private Limited Company

10. Jessica, a skilled software developer, is starting her freelance programming business with a colleague who will also invest in the venture. They want a business structure that allows them to share ownership and profits equally while limiting personal liability. Which form of business ownership is most suitable for Jessica and her colleague?

• Sole Proprietorship

• Partnership

• • Public Limited Company

• Private Limited Company