Choosing a Form of OwnershipPlease respond to the following:a) Identify a franch

Choosing a Form of OwnershipPlease respond to the following:a) Identify a franchise you selected such as your local convenient store and describe the most appropriate form of ownership for your new franchise based on your current financial situation. Provide specific examples to support your response.b) Assume the form of your new business will be a partnership (if you have not already done so). Discuss the types of conflicts that may arise and how you could prevent them from arising in the first place.NO PLAGIARISM LATE ASSIGNMENTS WILL BE DISPUTED WORK WILL BE RUN THROUGH A CHECKER. SERIOUS WRITERS ONLY. NO WORD OR PAGE COUNT BUT QUESTIONS MUST BE ANSWERED THOROUGHLY WITH SUPPORTING STATEMENTS.