QUESTION $1-$ Please read following information and answer the questions below $(40$ points$)$

Suppose that you and two friends from university would like to open a new restaurant Collectively, you have almost $2$ years of experience in the service industry. You think that there is an opportunity to make a lot of money if you can offer interesting tastes at good prices for sudents. You have even identified a great location, but you realize that it's going to take a lot of money to get this business. As recent graduates, you don't have a lot of money, so you are looking for the best source of funding. Realistically, you realize that you are going to need at least $1,000,000TL$ to sustain operations until your business starts to return a profit.

Q$1.$ According to the information above, what type of ownership would be more suitable for your new restaurant and Why? What are the advantages and disadvantages of this ownership compare to others?

Your Answer: $...$