You and a friend have come up with a great business plan. You both went to a business consultant to help you decide how the business should be set up. The consultant has recommended that if it will be a lifestyle business, then you should do a partnership, if however, you want to grow the business fast and cash out, you should set it up as a corporation. (In your own words with no paraphrasing or quotes from the book) 1. If it was a lifestyle business, what would be the pros and cons of setting up a partnership (in your own words please). Would it also be dependent on the type of business? 2. If the goal was to grow fast and get out, what would be the pros and cons of setting up a corporation (in your own words please). Would it also be dependent on the type of business? 3. Based on what you have learned about corporations versus partnerships which would you recommend? Edit View Insert Format Tools Table 12pt Paragraph BI U ALT