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Freddy Alfredo recently inherited US$1,000,000 and is considering starting his own business. As the leading business consultant in your country, he is seeking your services. Please explain to him briefly, any two of the main types of business formation articulated in the course and provide one (1) advantage and one (1) disadvantage of each type. In addition, he is of the view that entrepreneurs are born and not made. What information would you provide to him about whether entrepreneurs are born or made? Give examples to illustrate your points throughout your answers. Please note that, proper citation/referencing of sources is required.

Operation Management, Management Studies

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