My business idea I am thinking of is bio-degradable caskets. 

 

What is your business idea? (Outline your exciting business idea, keeping in mind that confidentiality is ensured. Ensure your idea complies with legal requirements, as we want to stay within the boundaries of the law. (Please note: Unlawful business ideas are not eligible for credit.)

 

Choose between a sole proprietor and a partnership.

 

a) Which entity is best for your business? Why?  Consider the nature of your business and its specific needs. Make a well-reasoned decision on whether a sole proprietorship or partnership is the most suitable entity for your venture. Explain your choice.

b) What are the advantages of the entity you chose? Explore the benefits and strengths of operating as either a sole proprietorship or a partnership. Highlight the advantages that align with your business goals and objectives.

c) What are the disadvantages of the entity you chose?  Analyze the potential drawbacks and challenges associated with your chosen entity. Identify the limitations and risks that may arise from operating as a sole proprietorship or partnership.