You have a website design business and business is booming. You just got a contract to design and maintain the websites of a major retail chain.

You need to hire 10 more people, move to a larger location and purchase new equipment. You need $200,000 to fund this expansion.

You are currently operating as a sole proprietorship. Do you need to change your business structure? Why or why not? If yes, what would you change it to and why?