What type of pericyclic process is occurring in the reaction below? Provide two reasons why the equilibrium lies in the direction indicated. 
Definitions:
Professional Corporation
A type of corporation for professionals such as lawyers, doctors, and accountants, subject to specific regulatory provisions.
Business
An organization or enterprising entity engaged in commercial, industrial, or professional activities.
Sole Proprietorship
A business structure where a single individual owns, operates, and is responsible for the business, enjoying all profits and bearing all losses.
Limited Liability Corporation
A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
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