Part A: Jeremy has worked for a large lawn care company for several years. This lawn care company is located in a sunny climate, providing a stable demand year-round. After receiving an Associate’s degree in Business, Jeremy decides that he would like to start his own lawn care service. He is considering if it would be best to start a sole proprietorship or a partnership. Jeremy is considering asking either his father or a co-worker at the current company he works for to be a partner in his new lawn care company. Describe the advantages and disadvantages of a sole proprietorship and partnership in this scenario. Which form of organizational structure do you personally think is best for Jeremy? Justify your opinion with supporting facts.
Part B: Analyze the resources that the lawn care business owner Jeremy will need to start the business. Additionally, what factors might lead to failure with this specific type of business?