3.03 Honors questions.

Answers should be complete and should be at least 2-3 complete sentences.

The last answer should be 3-5 complete sentences.

1. Why would someone want to start a business?

2. What makes a good business?

3. What are the differences between a sole proprietorship, partnership, Limited Liability Company (LLC), corporation)

4. Which do you think is better, a sole proprietorship or partnership and why? Discuss the advantages and disadvantages.

5. What would be the greatest challenges you think business owners face when owning their own business?

6. What advice would you give to someone who wants to start their own business?

7. Answer this question in a detailed paragraph of at least three to five sentences: If you were to start your own business, what would it be and how would you organize it? Explain why.