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Review the various business formats: sole proprietorship, partnership, corporation, and LLC. What do you think are some of the major benefits and challenges of each format? If you were to start a business, what kind of business would it be, and what type of business organization would best suit it and why?
1. What information can James find from these figures? How can he use this information?
2. How should he set about a complete survey of the fruit crop?
In the 1920s Edward Filbert became the tenant of Kings Farm in Cambridgeshire. In 1978 his grandson James Filbert became the latest manager. In the intervening years the farm has changed considerably.
It has grown from 195 acres to over 3,000 acres and is owned by an agricultural company that owns several other farms in the area. Kings Farm grows a variety of vegetables, cereals and fruit, with Kings Fruit Farm as a subsidiary that focuses on their apple, pear, plum, damson and cherry orchards.
