Purpose of Assignment
The purpose of this assignment is to select the best organizational form, and to discuss ethical concerns with the business scenario.
Scenario: Adam and Laura wish to open a pet grooming shop called Dazzling Doggies Day Spa. Laura’s mother Beth would like to contribute the startup costs in exchange for a share of profits, but she doesn’t want to participate in the daily operations of the business. She also doesn’t want to have any personal liability in the business.
Develop a 350- to 500-word summary and provide an overview answering the following two issues:
1. Which business organizational form would be best given the above circumstances, and why?
2. Unbeknownst to Laura and Beth, Adam begins to use Dazzling Doggies Day Spa’s checking account to pay all his personal bills. Are his actions ethical? Why or why not? What liabilities does this create for Adam.
Cite a minimum of two peer-reviewed references.
Format your paper consistent with APA guidelines.
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