Kierrah's Flap Jacks 4U
I make pancakes in every shape & form!
Business Owner's Name: Kierrah Glover
Contact Information: 555-555-2222
kierrahsflapjacks4u.org
FACTORS OF PRODUCTION:
Land= Eggs & Flour
Labor= Me mixing the ingredients together for the pancakes
Physical Capital= Pancake Mixer Machine
Human Capital= My associates degree in pancake making
Entrepreneur= Me, the creator & owner of Kierrah's Flap Jacks 4U
My business is a sole proprietorship because I am the sole owner of my business and I am entitled to all profits!
My Business Structure:
Besides the fact that I have unlimited personal liability, limited access to resources, and that my business lacks permanence beyond my life, I really do enjoy having a sole proprietorship. Mostly because my business was easy to start-up, I am the sole receiver of all profits, and I am not a subject to special business taxes, which is awsome!