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Tim Jones operates a building supply store in Nowhere, Alberta as a sole-proprietor. Tim has become concerned about rumours that a big-box store will soon

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Tim Jones operates a building supply store in Nowhere, Alberta as a sole-proprietor. Tim has become concerned about rumours that a big-box store will soon be arriving in Nowhere. Tim is worried about the impact on his business and has decided that the only way his business can remain competitive is to expand and offer a broader range of supplies. Tim is confident that his customers will remain loyal to his business if he can obtain the same range of products from his store as will be available form the new big-box store. At the same time, Tim is concerned about the recent slowdown in housing construction. In light of the need for money to expand his business, Tim is considering partnering with his friend, Wanda or incorporating or remaining a sole-proprietor. Advise Tim on which business structure he should choose and explain why. Provide Tim with the advantages and disadvantages of each option in light of his plans for expansion and need for funding

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