Interview the owners of two local small businesses. One business should be organized as a corporation and

Question:

Interview the owners of two local small businesses. One business should be organized as a corporation and the other as either a sole proprietorship or a partnership. Inquire as to:

Why this form of entity was selected.
Have there been any unforeseen complications with this form of entity?
Is the form of entity likely to be changed in the foreseeable future? And if so, why?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...