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2. When deciding to form a business, a person has a number of options i.e. to carry on a business as a sole proprietor or

2. When deciding to form a business, a person has a number of options i.e. to carry on a business as a sole proprietor or another choice would be to form a general partnership. Each structure has its own advantages and disadvantages. NOT referring to tax issues

a. Explain two advantages and two disadvantages in conducting your business as a sole proprietor.

b. If you had the choice to form a business, which would you choose - a sole proprietorship or a general partnership and give a reason for your answer.

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