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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning3 Marks
Question
In making a choice, entrepreneur will want to take into account which points while selecting the form of ownership?
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Answer

In making a choice, entrepreneur will want to take into account following points while selecting the form of ownership :
  1. Vision: Vision regarding the size and nature of business.
  2. Control: The level of control the entrepreneur wishes to have.
  3. Structure: The level of "structure” entrepreneur is willing to deal with.
  4. Vulnerability: The business's vulnerability to lawsuits.
  5. Tax concern: Tax implications of the different organizational structures.
  6. Profit/ Loss: Expected profit (or loss) of the business.

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