Initially when you set-up your business, you did not know if it was going to succeed, so you set it up as a sole proprietorship. After several months success you revisit that decision and wonder if there is a better business form that you should switch to. You take into account the following details:

You have personal assets including a beach houseand $150,000.00 in savings

You have a day job earning $90,000.00 per year

Now that your business is a success, you want to do two things:

Find a real estate agent to find you new premises

Find a not-for-profit that your business can work with to further your sustainable development goals (SDGs)

You and your partner will answer the following questions in writing in your Adobe web page:

1. With reference to course material only, explain how your agency relationship will work with the real estate agent (2 marks)

2. A brief explanation for why this new business form is the best option. Your answer should reference at least three benefits of that business form given your business success, personal assets and income from your day job (3 marks)

Please note in order to answer this, you must understand each of the different business forms, who is permitted to form them, and the pros and cons for each

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