For a very long time you have been interested in starting a new business.You decided, however, that you should get an education first.You enrolled in Ma comb Community College and started working hard.You even successfully completed Business LAW 1090 - which is no small task.Immediately after graduation you are ready to launch your new business, and you have a solid business plan.Only one thing is missing.As a recent college graduate, although you have some money in the bank, you lack the necessary finances to begin your new business.

Although you have several concerns, you have identified your two primary concerns as (1) financing, and (2) the potential liability involved with starting a new business. You would hate to lose all that you had personally accumulated in the event of a successful lawsuit against you.

You have thought about the following choice as the organizing structure of your new venture:a sole proprietorship, a partnership, or a corporation.

Which type of business structure would best serve the two primary concerns you have identified?Which type of business structure would be the worst?

Just for Fun . . . if you want to open a business, what kind of business are you thinking of? (You are not required to answer this "Just for Fun" question).