Go to the Small Business Administration's website at https://www.sba.gov/aboutsba/index.html. Select the Small Business Planner tab, click on "Start Your Business," and then "Choose a Structure." This site can help you determine what form of business ownership is right for you.
a. Read about the different structures, and write a brief report on which structure might be best for the kind of business you wish to start and why you think it's best.
b. What are the long-term implications of the business form you have under consideration?