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You are a consultant who advises potential new business owners. An acquaintance is planning to start a small business that he wants to run as

You are a consultant who advises potential new business owners. An acquaintance is planning to start a small business that he wants to run as a sole proprietor. He explains that he does not understandother business forms that he may adopt, and two of his friends may want to join the business in management roles.What type of business would you recommend? Why?

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