1. A friend or family member that has a business, or wants to own a business. Maybe you had a conversation with someone or would like to own a business yourself one day. If this business were to be "bigger" removing the most liability from the individual person, this assignment will focus on corporations. Write about this scenario, including the goals of the business, the location, the product/service, etc.

2. Give some advice; How should you own this business? Why? Should it be privately held, publicly held, C-Corp, S-Corp?

3. Include some pros and cons of this type of ownership.