Considering his full-time job and limited time, what type of business ownership should Mr. Brown consider?

In this scenario, where Mr. Brown has a full-time job and limited time to manage a business, the most suitable choice is a corporation. A corporation is a legal entity that is separate from its owners, providing them with limited liability protection. This means that Mr. Brown would not be personally liable for the business’s debts or legal obligations, which is a significant advantage, especially when balancing other commitments.

Furthermore, corporations tend to have greater access to capital and resources, which can help in managing the business more efficiently without requiring the owner's constant attention. This structure allows for delegation of day-to-day operations to hired management, meaning Mr. Brown can maintain his full-time job without being overwhelmed by the demands of running a business.

The other options, like sole proprietorships and general partnerships, typically require a more hands-on approach and place personal liability directly on the owner, which may not align well with Mr. Brown's limited availability. Franchises can also offer more support, but they often come with stringent operational guidelines and fees that might not appeal to someone already managing a full-time role. Therefore, a corporation aligns best with Mr. Brown's situation, allowing for limited personal liability and the ability to delegate responsibilities.