Scenario: Initially when you set-up your business, you did not know if it was going to succeed, so you set it up as a sole proprietorship. After several successful months you revisit that decision and wonder if there is a better business form that you should switch to. You take into account the following details:

• You have personal assets including a vacation home and $100,000.00 in savings
• You have a day job earning $50,000.00 per year

Now that your business is a success, you want to find a real estate agent to find you new premises.

Question: explain how your agency relationship will work with the real estate agent