Think about a business in which you are familiar (Real estate broker, mom and pop shop, retail clothing, retail electronics, automotive repair shop, etc.)
- Describe the business you have chosen and why it interests you.
- 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?
- Would you be comfortable competing against a friend or relative business-wise? Explain
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