Donald consulted with Joey, a business analyst, and Joey suggested doing business as a corporation. Briefly discuss three possible advantages and three possible disadvantages
Donald consulted with Joey, a business analyst, and Joey suggested doing business as a corporation. Briefly discuss three possible advantages and three possible disadvantages of Joey's advice to Donald. b) Which form of business ownership would you recommend for Donald: sole proprietorship, partnership, or corporation? Give at least three reasons to support your answer. Hint: Don't just repeat the advantages and disadvantages of each form. Instead, consider important factors such as the financial resources required, the magnitude of the risk, etc.
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