1-Describe how a business is reorganized in a Chapter 11 bankruptcy.

2-(a) Define a sole proprietorship. (b) Describe the liability of a sole proprietor.

3- Mr. Deli wants to start a small sandwich shop in his neighborhood.He has enormous amounts of cash that he inherited from his Uncle Walt, so there are no problems with financing the costs of the business.

4- What is the basic difference between a general partnership and a limited partnership?