1-The arbitrator is an employee, consultant, advisor or has

any other past or present business relationship with the

party

Revenue : usually less than one million per year

Type of business: any type of business from an informal
to a large restaurant or construction firm
Form of organization : has more flexibility than a
partnership or corporation
Cost: less than other kind of business
Decision : is free to make any decision. As whom to hire
and when to take a vacation in addition the proprietor
cancel or transfer all or part of the business to another
party without approval from anyone else
Tax: pays personal income tax
Partnership
Definition: an association of two or more persons to carry
on as co-owners a business for profit .
Partnership exist when:
 A Sharing of profit or losses
 A joint on ownership of the business
 An equal right to be involved in the management
Formation : agreement can be oral ,written or implement
by conduct