Select a small business in your town or one with which you are familiar. Please note that this is a research paper. Do not use your own business as you will not be able to fully complete the assignment. Also, please do not guess at the answers to these questions. Do your research and look things up. For example, if you do not know the legal business structure, go to the secretary of state website to look it up.
Write a 1,050-word paper that describes the small business that you selected and answer the following questions:
- What type of small business is it?
- What is its legal business structure (LLC, Corporation, Sole Proprietor, etc.)?
- How long has it been established?
- What makes this business successful?
- What challenges has this business experienced in terms of competition and/or customer communication?
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