Question: What is a sole proprietorship? How does it differ from other types of businesses? What are the advantages and/or disadvantages? Give some current examples of

What is a sole proprietorship? How does it differ from other types of businesses? What are the advantages and/or disadvantages? Give some current examples of a sole proprietorship. Why do you think the owners chose this type of business?

What is a general partnership? What makes it different from other types of businesses? Give a current example of a partnership. What advantages do you see for these specific businesses to choose a partnership design?

After this research, think about yourself. If you were to open a business, what would your business be? Retail? Service? Would you choose a sole proprietorship or a partnership? Explain your reasoning as to which you chose.

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