PART I: List and describe three advantages and three disadvantages of the following types of business ownership:
1) Sole Proprietorship:
List and describe three advantages and three disadvantages of sole proprietorships.
2) Partnership:
List and describe three advantages and three disadvantages of partnerships.
3) Corporations:
List and describe three advantages and three disadvantages of corporations.
PART II
1) Identify and discuss the following for franchising:
a) What does franchising mean?
b) What are the advantages of franchising?
c) What are the disadvantages of franchising?