Write a paper that $1)$ provides details on the business you are going to have, $2)$ explains why you chose the business structure that you did, $3)$ explains ethical dilemmas you may encounter in starting this business, and $4)$ discusses potential legal issues of which you must remain aware. A complete analysis of potential legal issues will explain what the potential legal issue is$,$ when it might occur, how you could keep the legal issue from happening, and the consequences $($i$.$e$.$ legal, financial, etc.$)$ of failing to identifying the problem before it occurs.

For details on your business, be sure to include the following:

$$ Business name

$$ Location

o Why did you choose this location?

o Advantages$/$disadvantages of this location?

$$ Legal structure $($sole proprietorship, LLC$,$ S Corporation, or partnership$)$

o Why did you choose this structure?

o Advantages$/$disadvantages of this legal structure?

$$ Mission statement

$$ Description of products and services and how they meet the needs of the marketplace

$$ Target market $($who will buy your product or services$)$

$$ Competitive advantage $($what sets you apart in the marketplace to allow you to succeed$)$

$$ Objectives and goals $($plans for growth$)$

$$ What are some potential challenges you could face during your first two years in business? How might you address$/$handle these challenges?