Choose a business form (example, sole proprietorship and so on), that would be most appropriate for Tim's Coffee Shoppe and justify your answer. Refer to discussion topic 1 and the learning activities in this unit for a quick review of business forms commonly used. Further information regarding forms of business can be accessed via the U.S. Small Business Administration (SBA) website:

U.S. Small Business Administration. (n.d.).Business structures. http://www.sba.gov/

Checklist:

• What business form would be most appropriate for Tim's and why?
• Explain the benefits and drawbacks of the business form you chose.
• Explain which generalstateandfederal laws(see resources below) might impact registration of Tim's business, due to the fact that it is a restaurant business.

Resources:

State of Illinois. (2020).Business.https://www2.illinois.gov/business

U.S. Small Business Administration. (n.d.).Stay legally compliant. https://www.sba.gov/business-guide/manage-your-business/stay-legally-compliant