You own and operate a small store. Currently, you are a single proprietor. What kinds of risks and liabilities are you facing?

Part 1

Read: Principles of Accounting, Chapter 14: Corporate Equity Accounting: http://www.principlesofaccounting.com/chapter-14/

You own and operate a small store. Currently, you are a single proprietor. What kinds of risks and liabilities are you facing? How could you address these risks by becoming incorporated? Discuss some of the advantages and disadvantages to corporate business organization.

Cite references in apa format and minimum words is 250.

Part 2

see attached files for part 2.

Part 3

please write three complete and well-composed paragraphs in which you discuss, as an example, a company that currently operates in Grenada west Indies. Describe how the company is governed. That is, is it a corporation? If so, who do you think the stockholders are? Do they live where you do, or do they live somewhere else? If the company is not a corporation, what type of organization does it have and how is it different from a corporation?

 

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