Prompt 1: Please review common business entities' structure along with their benefits and potential challenges. Requirements: Following your review, please complete a comparative analysis and determine the entity that provides the best framework for an entrepreneurial venture. Your response should include adequate support and analysis. Prompt 2: Assume that James Park and Eric Friedman ofFitbit plan on expanding their business to accommodate more product lines. They are considering financing expansion in one of two ways: (1) contributing more of their own funds to the business or (2) borrowing the funds from a bank. Requirements: Identify at least two issues that James and Eric should consider when trying to decide on the method for financing their expansion. Your response should include adequate support and analysis