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.)?
Paper must have a cover sheet, including the following information: name of assignment, student name, and University.
Please include the following statement on all assignment cover pages.
Must be typed in Word, double-spaced using Times New Roman 12 pt. font, with one-inch margins all around. The length of the paper should be 3 to 5 complete pages (not part of a page). The paper must include an introduction, body, and conclusion. Use headings to better guide the reader (Introduction, Type of Business, Form of Ownership, Advantages of Ownership Structure, Disadvantages of Ownership Structure, etc.). This is an evidence based learning environment. Support your statements and conclusions with data and research.