Read the scenario below then answer the following question in complete sentences.

Sal decides to open a movie theater in a small sized city that will films and serve expanded food options, including dinner. There are two large theaters within 30 miles of this city, but they both show only the most popular movies and neither serves dinner. Sal has $10000 saved and hopes to raise additional capital by taking out a $10000 small business loan. Sal's close friend plant to work at the theater 30 hour a week.

a. list and explain two requirements that must to start this sole proprietorship.

b. Identify three advantages that Sal has in forming a sole trader.

c. identify three disadvantages that Sal has to overcome in forming a sole trader to be successful.