.Every entrepreneurial venture must have a legal structure.  Prospective entrepreneurs need to identify the structure that will best suit the business venture.  Name and explain the three primary legal ways to form a business.

1. Explain the all the forms of and the advantages and disadvantages of each form of business. Define each form of business, sole proprietor, partnership, LLC, LP, and Corp. Next for each form of business explain the advantage and disadvantage of that particular form of business, comparing that form to the other types discussed. 2. Explain which form you would want to use for your business. o Explain why.

Being a franchisees seems to be a mechanism for growth, but what are the growth prospects for entrepreneurs who are franchisees? Isn't the entrepreneur limited to his/her ability to pursue different types of growth  strategies? Is being a franchisee simply substituting one type of employment for another type of employment? How can a franchisee grow his/her business?

4.What does the process of writing a business plan force an entrepreneur to do?