Discuss the below:
Q: The needs of the businessperson starting a new business are a major consideration when deciding the best form of business ownership. The kind of business being started is also important to consider when deciding to make your new business a sole proprietorship, partnership, or corporation. Look at the list of new businesses below. Indicate the form of ownership you think would be best for each business. Give the reason for your selection.
Business Form Reason
Swimming pool repair
Flower shop
Internet-based specialty store
Termite control service
Textbook publishing company
Law firm
Underwear manufacturer
Child care center