UNIT 4 ACTIVITY 1 Compare and Contrast Business Structures Required Materials Word processing software Imagine you and a friend are in college . You decide you want to open a coffee shop on campus next to the university's dining room. You make your appeal to the administration by expressing how having a coffee shop on university grounds will help fellow students save time and money since they will not have to go off campus to purchase their favorite hot beverages and baked goods. The administration is open to the idea and praises your entrepreneurial spirit . They ask you to research the business ownership structure that would be most appropriate by comparing and contrasting the structures and report back to them in two weeks Follow these steps to complete this activity. You will create a chart, a Venn diagram, and a report based on the directions below. Step 1: Compare and Contrast Chart . Create a compare and contrast chart of the following business structures : sole proprietorship