Business, 12.05.2020 06:57 josieko2006

Please read the case below and answer the questions:

The Miller brothers (Jack, Bill, and Evan) are about to fulfill a life-long dream. They are buying a thousand-acre farm and plan to grow cotton. Seeking independence, they are not interested in bringing in any outside owners. They have obtained financing from the Farm Credit Bureau that will allow them to finance the purchase of the farm and some equipment. The brothers are realistic and expect to work very long hours. However, they have a few critical decisions left to make.

Q1) Should the Miller brothers' farm be considered a small business ?

Q2) Assuming the farm is a general partnership, what are the advantages?

Q3) Should the Miller brothers develop a business plan ? Why or why not?

Q4) Which form of business ownership would you recommend for the Miller brothers? Why?

Answers: 2

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Please read the case below and answer the questions:

The Miller brothers (Jack, Bill, and...