Jake Blake is an entrepreneur and owner of Wood Creations a sole proprietorship. The business which manufacturers tables chairs cabinets and other furniture is growing and Jeff is exploring the idea of purchasing a brand new manufacturing facility. Because he does not have the money to do so he believes his options are to borrow the money or to convert the business to a corporation and sell stock.

Describe the which option you believe Jeff should pursue. Make sure to explain the advantages and disadvantages of the course of action that you choose.