You have graduated from Holmes Institute with your Master of Professional Accounting degree. You are working for an accounting firm, and a client has made an appointment to see you about setting up a business.

The client tells you that he is thinking about opening his own computer support business and running his business on his own from his house so that the customers can bring their laptop or PC's to his premises and then repair it.

He also tells you that he is thinking about buying into a franchise called IT Support, and he asks you for advice about what is a franchise and is it a good idea?

Your task is to give the client advice on what types of business structures, including franchises, would be best suitable for him. In your answer, you must provide advantages and disadvantages for each of the business structures you have suggested to him.