51. What would be the most likely form of business organization for each of the following?i) A small bookkeeping business run by an individual from his/her homeii) A national bankiii) Two brothers...

51. What would be the most likely form of business organization for each of the following?


i) A small bookkeeping business run by an individual from his/her home
ii) A national bank
iii) Two brothers operating a landscape business together
iv) A firm of twenty lawyers
v) A family business operating a small chain of bookstores

52. Darnia Delaware has been making pottery as a hobby and selling it from her home to friends for several years. She has decided to open a store to sell her work and the work of others to the public. She is hoping that if the store is successful she could expand to a second location in a year's time. She has come to you for advice about how she should organize the business. A friend recommended to her that she become incorporated (operate as a corporation) but she laughed, "I am not going to get so big that I take-over the world"


Required:


Compare and contrast for Darnia the advantages and disadvantages of operating as a proprietorship versus a corporation. What would you recommend to her?