Jeff Blake is an entrepreneur and owner of Wood Creations, a sole proprietorship. The business, which manufactures tables, chairs, cabinets, and other furniture, is growing, and Jeff is exploring the idea of purchasing a brand new manufacturing facility. Because he does not have the money to do so, he believes his options are to borrow the money or to convert the business to a corporation and sell stock.
Required
Describe the decision that you think Jeff should make. Make sure to explain the advantages and disadvantages of the course of action that you choose.