Unit 7 Discussion Board Another friend comes to you for accounting advice. They want to form their own business, but don’t know if they should be a sole proprietorship, a partnership, or a corporatio

Unit 7 Discussion BoardAnother friend comes to you for accounting advice.  They want to form their own business, but don’t know if they should be a sole proprietorship, a partnership, or a corporation.  In your own words what are the pros and cons of each?  What would you recommend?

Remember to prepare your own response, in your own words and credit your sources used. Original response due by Wednesday.  Share key details and examples that are supported and defended. Don't forget to credit your sources. See the discussion board rubric, you are graded using it so ensure you fulfill the requirements needed to earn the grade desired.