Andy Wants to Start His Own Business

question 13

Essay

Andy wants to start his own business.He has decided to rent space in a "strip mall" and open a pet shop.Additionally,he will provide dog grooming services.He figures he can do almost everything himself,though he will need to hire a part-time employee on an "as needed" basis.His friend,Lacy,has agreed to work when needed.
Andy is considering operating his business as a sole proprietorship.What are the primary legal advantages and disadvantages to this form of business ownership for Andy's pet shop?

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Definitions:

Streambed

The bottom of a stream or river channel where water flows; composed of sediment and particles that are transported by the stream.

Uppermost Layer

Refers to the topmost layer of a material or structure, such as the Earth's surface or the atmosphere.

Tsunami

A series of ocean waves with extremely long wavelengths caused by large-scale disturbances such as underwater earthquakes, landslides, or volcanic eruptions.

Earthquake

An abrupt and intense quivering of the earth's surface, frequently resulting from shifts in the Earth's crust or activity from volcanoes.