One of the most important decisions to make when starting a business is choosing the proper business form. A sole proprietorship, for example, is the easiest business to start, since you can literally hang a sign on your front door, or stick a magnet on the side of your car, print up some business cards and flyers, and be a "business." In addition, many find it to be better to establish a Limited Liability Company $("$LLC$")$ or a Corporation $("$Inc$.").$ An LLC provides limited liabilities to the owners, which means their personal assets cannot be used to satisfy the debts or judgments incurred by the company. In addition to similar limited liability protection, a corporation may also incur favorable tax treatment.

For this week's discussion, please discuss whether it is appropriate to provide such benefits to these business forms. Please also discuss which business form you would select if you were starting a business and explain why.