Critical Thinking 5.1

Have you ever dreamed of opening your own business? If you did, what kind of business was it? What talents or skills do you have that you could use? Could you start such a business in your own home? How much would it cost to start? Could you begin part-time while you worked elsewhere? What satisfaction and profit could you get from owning your own business? What could you lose?

Critical Thinking 5.2

In the past, forming a corporation was the only way to achieve limited liability. Why in the future would most sole proprietors and partners be expected to form limited liability companies (LLCs) rather than corporations?