You have graduated from Holmes Institute with a Master's Degree in Professional Accounting, and you're employed as an accountant/financial advisor, for an accounting firm called Big Business Accountants.

Harry is a client, and he has made an appointment to see you. Harry is keen in starting a business. This business he is proposing to start is a bakery. Harry has qualifications in bakery which includes making cakes, bread, pastries.

Harry, has saved up his money and he has about $50,000.00 in cash. He hasn't bought any equipment but he has found a shop which he is considering leasing where his bakery business will be operating from.

Harry has always been an employee and now he would like to know what type of business structure he should have for his bakery.

Regarding the types of business structures, which business structure would be suitable for Harry to consider. Also include reasons why.