1)Your friend says he's opening up a sole proprietorship to run a dynamite factory. What advice would you give him and why?

2)Which of the following entities does not have limited liability for their owners:

	a.	Partnership
	b.	S Corporation
	c.	LLC
	d.	C Corporation

3)I ask a real estate agent to sell my house

	a.	It creates an agency relationship by agreement
	b.	I am the principal
	c.	All of these
	d.	He is my agent

4)