Wealth Maximization Concepts Worksheet Wesley C. Whittington University of Phoenix Wealth Maximization Concepts Worksheet Concept Application of Concept in the Scenario Reference to Concept in Reading Wealth Maximization - The corporate firm. Shang-wa CEO John Lin ran his business as a sole proprietorship. A sole proprietorship is a business owned by one person and is the easiest and cheapest business to form. However, the life of the solo proprietorship is limited by the life of the solo proprietor and this is the case with John Lin and Shang-wa Electronics (Ross, 2005, pg 10).John Lin has been considering spending less time on business and more time with his grandchildren and someday retirement. The problem is that John Lin has never groomed a successor and without one, he cannot nor can he slow down. Causing him to explore options that would allow him to retire. John Lin could have established Shang-wa Electronics as a corporation provide a solution to his problems. A basic problem of a firm no matter how it is organized is how to raise cash and to ma......

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