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3 Nov 2018
Monica Porter loves photography and wants to start her owncompany. She is single, 26 years old, and lives in an apartment inNicetown. She has a job as a clerk in a grocery storethat currently pays her living expenses. Her dream isto be a portrait photographer specializing in events such asWeddings, Birthdays, Graduations, etc. She has saved$10,000 to start this endeavor. She knows nothing about accountingand has hired you to provide her with accounting services as wellas guidance in starting this business.
This first task is to determine whatbusiness organization entity she should choose. Please explain thedifferent business formats and which one you would suggest for herbusiness which will be named âPortraits by Porterâ(PBP).
Monica Porter loves photography and wants to start her owncompany. She is single, 26 years old, and lives in an apartment inNicetown. She has a job as a clerk in a grocery storethat currently pays her living expenses. Her dream isto be a portrait photographer specializing in events such asWeddings, Birthdays, Graduations, etc. She has saved$10,000 to start this endeavor. She knows nothing about accountingand has hired you to provide her with accounting services as wellas guidance in starting this business.
This first task is to determine whatbusiness organization entity she should choose. Please explain thedifferent business formats and which one you would suggest for herbusiness which will be named âPortraits by Porterâ(PBP).
Jarrod RobelLv2
4 Nov 2018
