You have been studying a lot about the various types of business structures. One day a friend comes to you and shares with you his plan to open a catering business in BC. He wants your advice on which business structure he should choose. You like talking and decide to explain him all the business structures and their pros and cons especially in terms of liability. In the end you want him to choose on his own. In no more than two pages explain in detail what you told your friend.

Please give references too.