Question: Instructions: You will be provided with three different business start-up scenarios. For this scenario, I would like you to explain what business entity you would

Instructions: You will be provided with three different business start-up scenarios. For this scenario, I would like you to explain what business entity you would recommend for each situation and provide an explanation/analysis as to why you have recommended a certain type of business entity versus another.

Scenario #1: Megan is a talented artist who sells original paintings and prints of her original work online. At first, Megan just painted as a hobby and sold her work to make a little extra cash, but in the past year Megan has started to earn enough money that she would like to start painting full time. Megan does not have enough money to open a gallery or rent studio space, so she intends to continue working out of her home and sell her work strictly online. What business entity would you recommend for Megan and why?

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