I would like to start a bar & grill business.What are some things I should consider with regard to each business structure below - ie, what are some advantages or disadvantages of each business structure?I will need to borrow or raise about $100,000.00 to get started, what does a personal guarantee mean?I have a friend who is interested in being my partner, but I'm not sure if that's a good idea.Should I sign a long-term lease?Is that risky?Anything I should consider about the lease to protect myself?You might consider liability protection, raising capital, formation requirements etc.

Sole Proprietorship

Partnership

CCorporation

S Corporation

LLC (Limited Liability Company)

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5 Points: Describe the "Automatic Stay"