- Assignment 7.1 - You Want To Be Your Own Boss - Part 1: Create an outline where levels 1- V are the 5 business entities identified in the lesson content. For each business entity, identify at least 4 advantages to that business form and at least 4 disadvantages. You can collect the info from the text, lesson content or via internet research. Provide a cite to whatever source you use. Do not copy and past from your source! Rather, explain the info you find in your own words