MEMO

Memo

Memo

To

The Corporate and Finance Department

XYZ Company Limited

Subject: Business Organization and Life Cycle

With reference to the recent changes that have taken place, despite the fact that the company has gained substantial gains and profits, it is important to take the employees of this organization into confidence in this regard.

Consider the different business associations in terms of liability. The simplest method of business association is sole proprietorship, in which a single person owns a business and is liable for that business's debts, whether to ordinary creditors or to people injured by the business (Boyce, 2008). Partner's ultimate liability may depend on the wealth ...