1.Compare and contrast (pros and cons) of the 3 main forms of legal business ownership. (Sole proprietorships, partnerships, and corporations) So, describe each one, and tell us a little about the pros/cons or advantages/disadvantages of each.

2. If you were going to open up a business, which form would you use and why would you choose this form based on the attributes (pros/cons) of that type of ownership (Be specific)?

3. Based on whatever form you chose in question 2, why would YOU be successful running your own business AND what may your weaknesses be running a business? (So what are your business ownership strengths and your weaknesses)