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AEEC 2110 Business Organization Questions Scenario: a. You are the middle of three siblings. b....

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AEEC 2110 Business Organization Questions Scenario: a. You are the middle of three siblings. b. Your aunt has a small ranch in western New Mexico (-4000 deeded acres). c. Your aunt passes away and leaves the ranch in equal shares to you and your siblings. d. Each sibling has an equal 1/3 ownership of the ranch. e. Your oldest sibling is an engineer in the Dallas area and has no interest in running the ranch but wants to retain their ownership share. f. You have an interest in living on and operating the ranch. g. Your youngest sibling has no interest in agriculture and prefers to be bought out. 1. What form of business ownership (be specific) would make the most sense for you and your siblings? (5 points) a. Briefly explain why you choose this form of business ownership (10 points) b. List one advantage and one disadvantage of the form of ownership you selected. (10 points, 5 points per answer)

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