Company Growth Please respond to the following: Imagine a startup company of you
ID: 2683848 • Letter: C
Question
Company GrowthPlease respond to the following:
Imagine a startup company of your own and briefly trace its development from a sole proprietorship to a major corporation with a focus on how that development would be financed.
I would like to start-up a financial services company from a sole proprietorship. I would initially start with personal savings and a small business loan or grant to cover intial outlay for equipment, software, and state and federal licensing fees and costs. In that business area, I would also need to carry Errors and Ommissions insurance for my personal protection and survivalbility of the company if sued.
Is this a good decision?
Explanation / Answer
No
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