Juanita wants to grow her business. Which options does she have? Select all that apply.Juanita could incorporate and try to find investors to help her grow her business.Juanita could remain a sole proprietor and begin a web-based magazine.Juanita could take on a partner, become a partnership, and begin hiring other staff members to take on more translating work.Juanita could buy an existing franchise and change its product to fit her translation skills. Juanita could remain a sole proprietor and incorporate her company.
Answer
A
Juanita could incorporate and try to find investors to help her grow her business.
B
Juanita could remain a sole proprietor and begin a web-based magazine.
C
Juanita could take on a partner, become a partnership, and begin hiring other staff members to take on more translating work.
D
Juanita could buy an existing franchise and change its product to fit her translation skills.
E
Juanita could remain a sole proprietor and incorporate her company.
Explanation
Juanita can incorporate to make it easier to seek investment, remain a sole proprietor while adding a web-based magazine, or take on a partner and expand her translation work by hiring staff. Buying a franchise and changing its product would conflict with the franchise’s established business model. She also cannot both remain a sole proprietor and incorporate, because incorporation changes the business’s legal structure.
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