Business ownership

        Assume that you are going to open a business within the next 10 years. What type of business would you start? Discuss what form of ownership would you choose (Sole Proprietorship, Partnership or Corporation; see p.115). What are the advantages and disadvantages of this type of ownership structure? What category would this business fall into, and why (Small business, franchise, general and limited partnerships, S Corporations, LLC, etc.)?