Strayer Starting a Business from Scratch vs Purchasing an Existing Business Discussion

I’m working on a writing discussion question and need an explanation and answer to help me learn.

Compare the advantages and disadvantages of purchasing an existing business AND compare the advantages and disadvantages of starting a business from scratch. Which do you think you would choose: purchase an existing business or start from scratch?

Two friends are considering launching a small company, which they believe has the potential to grow into a large firm in the future. List three important factors they should take into consideration when selecting a form of ownership. Next, recommend one form of ownership you believe will best serve the organization now and in the future.