Presented below are four independent situations:

a. Larry Jordon, a photography major in college, decided to start a photography business specializing in weddings and similar occasions. Larry is still able to go to school full-time as all of his jobs are on weekends or holidays.

b. Joe Friday and Jay Holmes each owned a separate detective agency. They decided to combine their talents and resources in order to expand the amount of business they could undertake.

c. Three business school professors at a large university decided to start their own consulting business based on their combined talents. They feel that the insurance they can obtain will satisfy any possible legal issues they may face. They plan to use one professor's home office to meet clients, so start-up costs should be minimal.

d. Verna Zilver runs a small, but successful beauty salon. The salon has gained a strong reputation beyond the community where it is located. Verna has decided to open a chain of similar salons across the state to capitalize on her reputation. This will require a substantial investment in facilities and supplies. In addition, since Verna will not be able to closely supervise each location, she is worried about potential liability.

Required 

Explain the form of organization that would be best in each situation-sole proprietorship, partnership, or corporation. Explain what factors you considered important in each situation.