You should write a 250 – 300 word memo on the following situation.
Mr. Able is the owner of a sole proprietorship, which does mowing, planting, and various landscaping services. The business has a lot of trucks and equipment to do the work. He is in constant need of new equipment to handle the tremendous growth in the business.
Mr. Money is his personal banker. You are to write a 250 – 300 word memo to Mr. Able and explain the differences between a sole proprietorship and corporation.
Should Mr. Able incorporate the business?
What are some of the advantages and disadvantages of this process?
You must use the memo feature in word.