Hector has a promising idea for a web-based application, and he's come to you for advice on how to start a business. Explain, in simple terms, what his options are for the following items, and how they relate to each other:
Legal structure
Sources of financing
Exit strategy
Provide APA, MLA, or Harvard-style citations for any sources you use, including your textbook if you refer to it. Spelling, grammar, and especially clarity count--if I (or Hector) have difficulty understanding your answer, then your answer is wrong.