Question: Please answer within 350words. Thank you for your help! For this milestone, you will discuss Case Study Three. Identify the main types of business entities.
Please answer within 350words. Thank you for your help!


For this milestone, you will discuss Case Study Three. Identify the main types of business entities. and discuss the advantages and disadvantages of each. Youractive participation in this discussion is essential to improving your understanding of the advantages and disadvantages of the various business entities. Actively engaging with your peers I\"will help you complete the remaining critical elements for the nal project. case Study Three: Job and Josh are lifelong friends. Jeb is a wealthy wind-power tycoon, and Josh is an active outdoor enthusiast. They have decided to open a sporting goods store, Arcadia Sports. using Jeb's considerable nancial resources and Josh's extensive knowledge of all things outdoors. In addition to selling sporting goods, the store will provide whitewater rafting, rock-climbing, and camping excursions. lot: will not participate in the day-to-dav operations of the store or in the excursions. Eloth Jeb and Josh have agreed to split the prots down the middle. 0n the first whitewater rafting excursion, a customer named Jane falls off the raft and suffers a severe concussion and permanent damage to her spine. Meanwhile, Jeb's wind farms are shut down by government regulators, and he goes bankrupt, leaving extensive personal creditors looking to collect
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