Purpose Assignment Uncle Decided Retire Asked Take Bed Breakfast Inn B B Currently Organi Q29624594

For the purpose of this assignment, your uncle has decided toretire and has asked you to take over his Bed and Breakfast Inn(B&B). It is currently organized as a sole proprietorship andhas fairly regular annual repeat customers (mostly families onvacation). Review and answer the following questions:

What changes do you think you might implement to make theB&B more successful?

Would you stay with a sole proprietorship? Why?

If you are going to change the type of business entity, whichbusiness entity form would you choose for the B&B?

What do you feel would be the advantages and disadvantages ofyour chosen business entity?

Assuming there are other B&Bs and hotels in the area, howwould your business be similar to or different from yourcompetition?

In your own words, post a response to the DiscussionBoard, and comment on at least 2 other postings. You will be gradedon both level of engagement and the quality of the contribution tothe discussion.