A client comes to you thinking about starting a consulting business. Your client is specifically interested in what type of entity should be created for this new business. Based on your readings, or any additional research you may have done, discuss the advantages and disadvantages of the following: sole proprietorship, partnership, and corporation.

1. Based on these advantages and disadvantages, provide a clear recommendation to your client.

2. For your responses, suggest if an alternative choice of entity would be possible.

3. What would be the benefits of this new entity choice?

4. Would there be any disadvantages associated with this new entity selection?

Please answer all the questions!