Question: An individual has started a new business. While the individual is confident that, in the long run, that the business will be very profitable, it

An individual has started a new business. While the individual is confident that, in the long run, that the business will be very profitable, it is expected that the business will incur losses in the first 3 to 5 years. Would you advise this individual to carry on the business as a sole proprietorship or, alternatively, to incorporate the business?

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