BUS 206 Different Types of Business Entities Case Study Discussion
For this milestone, you will discuss Case Study Three. Identify the main types of business entities, and discuss the advantages and disadvantages of each. Your active participation in this discussion is essential to improving your understanding of the advantages and disadvantages of the various business entities. Actively engaging with your peers will help you complete the remaining critical elements for the final project.
To complete this assignment, review the Milestone Three Guidelines and Rubric PDF document.
Prompt: Read the case study below. In your discussion, address the critical element that follows.Case Study Three: Jeb and Josh are lifelong friends. Jeb is a wealthy wind-power tycoon, and Josh is an active outdoor enthusiast. They have decided to open asporting goods store, Arcadia Sports, using Jebs considerable financial resources and Joshs extensive knowledge of all things outdoors. In addition to sellingsporting goods, the store will provide whitewater rafting, rock-climbing, and camping excursions. Jeb will not participate in the day-to-day operations of thestore or in the excursions. Both Jeb and Josh have agreed to split the profits down the middle. On the first whitewater rafting excursion, a customer named Janefalls off the raft and suffers a severe concussion and permanent damage to her spine. Meanwhile, Jebs wind farms are shut down by government regulators,and he goes bankrupt, leaving extensive personal creditors looking to collect.Specifically, the following critical element must be addressed:? Identify the main types of business entities and discuss the advantages and disadvantages of each.Your active participation in this discussion is essential to improving your understanding of the advantages and disadvantages of the various business entities.Actively engaging with your peers will help you complete the remaining critical elements in the third case study for your final submission.Students are required to post one (1) initial post and to follow up with at least two (2) response posts for each discussion topic assignment.For your initial post (1), you must:? Compose a post of one to two paragraphs? Complete the initial post by Thursday at 11:59 p.m. of your local timezone.? Take into consideration material such as course content and otherdiscussion topics from the current module and previous modules, whenappropriateFor your response posts (2), you must:? Reply to at least two different classmates outside of your own initial postthread? Complete the two response posts by Sunday at 11:59 p.m. of your localtime zone.? Demonstrate more depth and thought than simply stating that I agreeor You are