3738 Need just answer no explanation needed please give answer of both parts in 15 minutes. i promise i will rate positive if you give both answers perfect.

37 Why would an entrepreneur most tikely choose to structure his or her venture as a sole proprietorship? To share equally in the risks and benefits of their venture and avoid significant government regulation To structure the venture in a simple way when he or she does not anticipate significant nisk of legal liabilities in connection with the business To ensure that he or she can raise significant amounts of capital and that the venture will survive beyond the entrepreneur's lifetimo To ensure that he or she is personally shielded from the nisk of legal liabilities CLEAR What is the importance of the strategic planning stage of the entrepreneurial process? Strategic planning allows business leaders to evaluate the success of a new product or service. Strategic planning sets the short-and long-range direction for a venture Strategic planning can make up for shortfalls in market evaluation and discovery Strategic planning permits companies to ensure financial profitability and market leadership