I'm working on an assignment for grad. school that is right up your alley, so I thought I would start my search for answers right from the horses mouth. Your opinions are greatly appreciated. Here's the assignment: Joe operates a local gardening and tree trimming business. Joe also does some light landscaping work for a few of his commercial accounts. Joe is very successful and has enough clients to keep him busy, along with at least three workers, working six days a week. Occasionally, a client rents a piece of equipment from Joes business. Clients sometime take their time paying for Joes services and, therefore, Joe is sometimes late paying his bills. Joes capital is only about $25,000, most of which consists of his new $20,000 truck and his assortment of lawnmowers, chainsaws, edgers, and gardening equipment. Joes wife handles the books, yet is not involved in actual business operations. Should Joe continue to operate his gardening and tree trimming business as a sole proprietorship?