Question: 1. Gordon has been giving dance lessons for Elvira`s Studio for the last three years. He decides to strike out on his own and open

1. Gordon has been giving dance lessons for Elvira`s Studio for the last three years. He decides to strike out on his own and open his own dance studio. Discuss the relative merits of sole proprietorship and corporation. Which do you recommend?

2. After five years, the business has been growing steadily and Gordon wants to open other location. On a personal level, Gordon plans to marry and purchase a home as well as some income property. Should he change his business form to a partnership or a corporation?

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