Scenario Your friend is considering opening their own

Last updated: 3/14/2023

Scenario Your friend is considering opening their own business and has asked you for some advice Please share your knowledge to help them build a successful business Part I In this section you will write 2 4 sentences to describe the type of product or service your friend will be providing for their customers and how much geographical area their company will cover i e a town a region a state the US multinational the World Be creative this is a very flexible assignment designed to allow you to select any type of product or service industry in which you have an interest Part II Then in this section you will help your friend understand the various forms of business by explaining 2 advantages and 2 disadvantages of each format 1 a Sole Proprietorship 2 a Partnership and 3 a Corporation Part III Finally in this section you will identify which format your friend should select for their business Be sure your answer refers to their specific product and or service industry and