You're starting a software company in which you plan to sell software to your fellow students. What form of business organization would you choose? Why?

Sole proprietorship or partnership because it's easy to start, requires minimal bureaucratic hassle, and is controlled by the owners

Corporation because there's no personal liability, an increasing ability to get funds, and an ability to avoid personal income taxes

Sole proprietorship or partnership because there's no personal liability, it's easy to get funds, and you can avoid personal income taxes

Corporation because it is easy to start and requires minimal bureaucratic hassle