University of Massachusetts Worcester Business Ownership Discussion

I’m studying for my Accounting class and don’t understand how to answer this. Can you help me study?

1- According to our text, there are three basic forms of business ownership. Detail each form and provide three advantages and three disadvantages of each.
2- A friend approaches you with an idea for a business and asks you what form of business ownership they should use. Detail the types of scenarios that would make you recommend a corporation for your friend.

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