Imagine that you are an accountant working for ABC. Mr. Smith, an investor moving from Washington to Texas is an eager investor that is looking to set up a business in the Southeast Texas area. Mr. Smith wants to open the company within a year from the business type decision. The decision will be made on 30 March 2022. ABC provided an initial portfolio of business ventures with a great return of investment potential. Mr. Smith is debating which business he wants to invest in between the following:

1. Cattle-

2. Renewable Energy-

3. Car Repair shop-

4. 60x rooms hotel-

5. Restaurant-

6. Gas station-

A final analysis must be completed on the type of business entity that makes sense to maximize the business venture profitability.