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Need help with one please DESCRIPTION OF ACTIVITY Identify responses to the...

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Accounting

Need help with one please

DESCRIPTION OF ACTIVITY

Identify responses to the Comparative Business Analysis issues listed below.

Renella is an entrepreneur who likes to be actively involved in her business ventures. She is going to invest $500,000 in a business that she projects will produce a tax loss of approximately $125,000 per year in the short run. However, once consumers become aware of the new product being sold by the business and the quality of the service it provides, she is confident the business will generate a profit of at least $200,000 per year. Renella has substantial other income (from both business ventures and investment activities) each year. She will be the sole owner of the business. Advise Renella on the business form she should select for the short run.

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