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1. Omar is a fresh college graduate with a bachelor's degree in business administration. He and his two brothers have inherited a good sum of

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1. Omar is a fresh college graduate with a bachelor's degree in business administration. He and his two brothers have inherited a good sum of money from their late grandfather. Omar has been looking for job for the last three months, with little success. Now, he is considering starting his own business instead. However, he is not sure what type of business organization to opt for. Required: please advise Omar on the different forms of business organizations he may opt for, with detailed explanation of the advantages and drawbacks of each form of business organization. (10%)

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