Types of businesses and method of payments


Task:

You and a friend decide to open a small business, with a storefront and Internet site. Which form of business would choose to operate - partnership or corporation and what advantages are there for your choice? You must decide what method of payment you are willing to accept for your products and services. Discuss what methods of payment you are willing to accept. The benefits and risks associated with method. Are you willing to accept the same payment methods at the storefront and on the websites? If they differ, explain why. Cite references.

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