Marc is soon planning to register a take-out food business in the province of Ontario. He and his wife, Laura have identified probable locations in a plaza, next to Conestoga Doon campus. Both Marc and Laura are of the opinion that they would leave their current jobs and work together in the business. Marc wants to register the business as a Sole Proprietor, but Laura is inclined towards a Partnership Model.

They have reached out to you as you are a practicing business consultant. What would be your professional advice to them, and why? Provide reasons in-line with the taught concepts.