Think about a business in which you are familiar (Real estate broker, mom and pop shop, retail clothing, retail electronics, automotive repair shop, etc.)
- 1. Describe the business you have chosen and why it interests you.
- 2. If you were to open the same type of business what business entity would you use (sole proprietor, partnership, corporation, S Corp, LLC, etc.) and why?
- 3. Would you be comfortable competing against a friend or relative business-wise? Explain.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.