Reference no: EM13570

1) Explain the major differences between a sole proprietorship and a corporation.

Under which form would you choose for a business, and why?

2) Illustrate the meaning of financial bootstrapping. How could use bootstrapping to help you launch a business?

3) Briefly describe the types of accounts that are found in the current assets of a new venture, and the types of liabilities that might show up on a venture's balance sheet.