As the text notes, many small businesses are set up as sole

As the text notes, many small businesses are set up as sole proprietorships. Is this agood idea, and why or why not? What are advantages and disadvantages of the variousbusiness organizations discussed in the text? If you were setting up a small business,which would you choose and why? Do you think it is fair that small business ownersmay be able in some cases to avoid personal liability for acts taken on the part of theirbusiness and why or why not?