Assignment Discussion: Structuring a Business
Instructions: There are several choices a business owner has in structuring his or her business, such as a sole proprietorship, partnership, or corporation. Each has advantages and disadvantages.
Considering all aspects of these structures, answer the following: Assume the role of a new business owner.
In a short paragraph, describe the type of business that will be opening (retail, corporate, franchise, etc.) As the new business owner, select the best structure for the business. Provide reasoning for the selection. If necessary, complete additional research to support your ideas on this topic.