1. Please write 2-3 paragraphs in which you discuss:

You own and operate a small store. Currently, you are a single proprietor. What kinds of risks and liabilities are you facing? How could you address these risks by becoming incorporated? Discuss some of the advantages and disadvantages to corporate business organization.

2. Please write three complete and well-composed paragraphs in which you discuss, as an example, a company that currently operates in North-East of North America. Describe how the company is governed. That is, is it a corporation? If so, who do you think the stockholders are? Do they live where you do, or do they live somewhere else? If the company is not a corporation, what type of organization does it have and how is it different from a corporation?

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