At the beginning of Module 7, I posted our opening discussion thread and asked you to look at the different types of business structures covered in Chapter 11 and decide which you found to be the most advantageous and which came with the most liabilities.

Now, please watch this video discussing the various possible business structures.

Finding the Right Business Structure(Links to an external site.)

1. For each type of business structure, please list one advantage and one disadvantage.
2. Which one sounds most appealing to you and why?

Please explain your responses.

You also read Chapter 14.3 this week which deals with Consumer Protection laws. One area that is the subject of much contention is the Lemon Law.

Please watch/listen to this Michigan news clip video involving a real-life situation.

A loophole allows used-car dealers to sell lemons(Links to an external site.)

1. Who do you think should prevail in this case and why?
2. Have you ever had a "lemon"? If so, what did you do? If not, what do you think you would do?

Please explain your responses.