What is the best business organization for annabeth's new company

Asked by maham237 @ in Business viewed by 471 People

Scenario:Annabeth is a mechanical engineer who specializes in making machine parts. She wants to buy a factory and begin making machine parts for solar panels, a growing business sector in her community. Eventually, she plans to export her products to Europe and South America, where solar panel manufacturing has increased in recent years. What is the best business organization for Annabeth’s new company?

a corporation, because she will need financing to get started
a sole proprietorship, because the business is small and simple to operate
a partnership, because she lacks the skills to make machine parts
a cooperative, because local businesses will be her customers

Answered by maham237 @


What is the best business organization for Annabeth’s new company?

A corporation, because she will need financing to get started. I would personally say that Annabeth should start a coporation because she will need financing to have the funds to start and mass produce the parts and solar panels. She also plans to expand so in the future to move her items overseas, a corporation is the safest bet on that happening.


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