Analyze the following Case in this week's Module; Cases are short and intended to highlight a few key concepts from our Module; see syllabus and rubric for full details.

• Number all questions as indicated (1, 2, 3).
• Your answer must be responsive to the questions.
• Do not repeat the question.
• ONLY consult the CASE and your TEXT to respond to the questions. NO outside sources. Note: All information that is not common knowledge must follow the citation rules below (including any paraphrase).
• EACH question response must contain at least one quote and citation from our TEXT or CASE.
• If from the TEXT, use QUOTES and a PAGE NUMBER, ex, This is a quote from the text. (Text, page 88).
• If from the CASE, use QUOTES, ex, This is a quote from the case. (Case).
• Your answer must be 200 words or more.

Many artists and art lovers embrace the idea of the starving artist, such as the early career artist who hasnt yet sold much of her art or whose art hasnt yet been discovered, the artist who sacrifices lifestyle, living in a cheap apartment in a poor neighborhood, scraping by with barely enough to eat, pouring every dollar at their disposal into his art, or the artist who makes do by working other jobs, such as a waiter or waitress, to pay the rent so he can work on his art in his free time.

As an artist and businessperson, however, youd rather not be a starving artist. Of course, it takes time to master your art, display your work, and build a following, but is it necessary if youre successful as an artist to also be a bad businessperson?

The challenge with your art, bronze sculptures, however, is what comes first, the chicken or the egg, in other words, success as an artist or financial success? With the cost of materials, foundry time to pour and shape your creations, and the help of technicians or specialty artists, it can cost thousands of dollars, sometimes tens of thousands, per piece. But without financial success, you lack the capital needed to create your work. And, without your work to sell to art lovers, you dont have the capital you need to create your work. Yes, indeed, chicken or egg?

Since youre a better artist than a business person, youre working with a lawyer and accountant who have advised you to establish a company and choose a business form that helps you succeed as an artist. Theyve given you some preliminary information on sole proprietorships, C corporations, S corporations, partnerships, and limited liability companies. You dont know about any of that, but you know that you want to shield yourself from lawsuits, minimize taxes, have the ability to bring on different financial backers over time (in the art world, financial backers start by backing projects and then as their confidence grows in the artist, they eventually back the artist overall and not just specific projects), and give yourself as much flexibility as possible.

Analysis

1. What are the four major business structures available for the artist to consider?
2. Briefly explain the advantages and disadvantages of these structures.
3. What legal structure form would best suit this small business; explain why?

plz no plagiarism and out sources

own words plz thx