Question: 1. What are the 3 basic types of business structures? Provide 3 advantages and disadvantages for each. 2. What are the 2 types of partnership?

1. What are the 3 basic types of business structures? Provide 3 advantages and disadvantages for each. 2. What are the 2 types of partnership? Briefly explain each. 3. What is a Cooperative? What are the 3 types of Cooperatives? 4. Describe the role of an Advisory Board in founding a business? 5. Provide 5 differences between and Advisory Board and a Board of Directors

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