Delores Research Paper

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Running head: THE INVENTORS’ BUSINESS CHOICE 1 THE INVENTORS’ BUSINESS CHOICE INFORMATION Delores Market American InterContinental University https://mycampus.aiu-online.com/Library/CourseGuides/5/Tutorials/APAcombined.pdname:DeloresMarketTitle:INVENTORS’BUSINESSCHOICEsection:276Instructor:TomWamalwa THE INVENTORS’ BUSINESS CHOICE 2 Abstract Delores is an inventor that has come up with a great idea for a new home…show more content…
The appliance is called the Multi-Vac Cleaner. The home appliance can vacuum the floor, washes the floor, it cleans and washes the couch, and you can even wash your mattress. She is convinced that this new technology idea would be applicable in a wide range of other products. She has no management skills, very little financial skills, she doesn’t know anything about manufacturing, and she doesn’t have the money to fund a business. Her husband is skeptical about the business venture and wants her to explain everything to him using examples. Delores researched the different types of business so she could make a decision on what type of business to start. The types of business she researched was Sole Proprietor, Corporation, and THE INVENTORS’ BUSINESS CHOICE 4 Partnership. She found out through Kourilsky, Marilyn (1995), that the advantages of being…show more content…
Delores doesn’t think this is the business type for her because she doesn’t have the ability to run the business alone. Through Kourilsky, Marilyn(1995) and Types of Business in Puerto Rico (2012), Delores found out that a Corporation advantages are that there would be no liability issues to the stock holders, there would be unlimited ability to raise funds, and a greater ability to attract talent. The disadvantages is that a Corporation is more expensive, more financial reporting required, there would be double taxation, the stock holders are the owners and so she would some control over THE INVENTORS’ BUSINESS CHOICE 5 decision making. Delores believes this is too expensive and involves to many people. The advantages of a Partnership are that Delores wouldn’t be alone in the responsibilities. She could share the management problems; there would be someone to help her make
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