Question: I need some ideas for the tasks 1. Gordon has been giving dance lessons for Elvira`s Studio for the last three years. He decides to

I need some ideas for the tasks

1. Gordon has been giving dance lessons for Elvira`s Studio for the last three years. He decides to strike out on his own and open his own dance studio. What is the relative merit of sole proprietorship and corporation? What is the best option for Gordon?

2. After five years, the business has been growing steadily and Gordon wants to open another location. On a personal level, Gordon plans to marry and purchase a home as well as some income property. Should he change his business form to a partnership or a corporation?

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