small business management and decision making

Question 1:
Heather and Manny have decided to open a bakery together. They are experienced bakers who specialize in scones, and they feel the world is in need of moist and delicious scones. They are concerned about protecting their assets in case the business fails, but also about being able to pay the taxes for a business that is just starting out. What are the pros and cons of the different business entities they could form? Which type of business entity do you think would be their best option and why?

Question 2:
Heather and Manny open their business and find a sugar supplier, Sweet Myron, Inc. Their relationship with Sweet Myron, Inc. is great at first; the sugar is of good quality and is delivered according to their contract. However, after a few months, Sweet Myron, Inc. starts providing deliveries later and later and is eventually unable to deliver any sugar at all. Unfortunately, Heather and Manny have already paid Sweet Myron, Inc. for the sugar that has not been delivered.
Sweet Myron, Inc. is incorporated with Byron Myron and his wife are the sole shareholders and the directors and officers of the corporation. Byron and his wife have held two annual meetings over the last eight years and do not keep current minutes for the corporation. Sweet Myron, Inc.’s bank account rarely has a positive balance and most of the corporation’s expenses are paid from Byron and his wife’s personal account.
Heather and Manny file a lawsuit for breach of contract against Sweet Myron, Inc., and against Byron Myron and his wife as individuals. Do you think Heather and Manny will be successful holding Byron Myron and his wife personally liable? Why or why not?

Question 3:
Heather and Manny seem to have no end of back luck. Rhonda’s Radical Tea Shop is their biggest client. Heather and Manny have a contract with Rhonda’s Radical Tea Shop to provide scones weekly. Rhonda is the only owner of Rhonda’s Radical Tea Shop and Rhonda has not filed any business formation paperwork with the Secretary of State.
Unfortunately, it’s been six months, and Rhonda’s Radical Tea Shop has had no money to pay its scone bill. Heather and Manny sue Rhonda, but Rhonda claims she is not personally liable and they can only sue the business because the contract is with Rhonda’s Radical Tea Shop. Is Rhonda correct?

Question 4:
All of this unfortunate litigation has taken its toll, the debts are piling up, and Heather and Manny’s business is struggling to provide the world with moist and delicious scones. Heather and Manny are planning to have their business file for bankruptcy, but which chapter should they file under? What would be the pros and cons of each chapter they could file under?

My Homework Nest
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.