Question

In the future, imagine yourself starting a business endeavor. What form (sole proprietorship, partnership, or corporation) would you like to organize and why? What nature of operation (service, merchandising, and manufacturing) would you like to venture on and why?​

Answer 1

I would choose to organize a corporation for my business endeavor in the future, as it provides limited liability protection. I would venture into manufacturing as the nature of operation, as it allows for more control and potential higher profits.

Step-by-step explanation:

If I were to start a business endeavor in the future, I would choose to organize a corporation. A corporation is a separate legal entity from its owners, which provides limited liability protection. This means that the owners' personal assets are not at risk if the business fails or faces legal issues.

In terms of the nature of operation, I would venture into manufacturing. Manufacturing involves the production of goods by using raw materials, labor, and machinery. This type of operation allows for more control over the production process and can potentially result in higher profits.