Foothill College Holding a Sole Proprietorship Memorandum

I’m working on a business law writing question and need a sample draft to help me learn.

There are many ways to hold a business from a sole proprietorship to a corporation. Which business entity you choose to use depends on what you want to accomplish. Do you plan to have investors? Do you want to retain management and control? Do you want to minimize your personal liability? You can do the same thing but differently, depending on which type of business entity you choose.  

List all the ways that you can operate a business (e.g., sole proprietorship).

What are the  pros and cons for each form of ownership; explain;