There are both advantages and disadvantages to planning a New Years Eve party in your home. The advantages to planning a New Years Eve party in your home is that you have a greater amount of freedom in terms of food and beverage choices, decoration options and even the type of entertainment you are able to offer. The disadvantages to hosting a New Years Eve party in your home is that your property or possessions may be damaged by the guests, you are responsible for the cleanup of the party and it can be difficult to control when guests leave the party. The advantages to hosting a New Years Eve party in a restaurant and catering hall is that you will have assistance in preparing and serving the food, you dont have to worry about cleanup and you have very few obligations during the party. The disadvantages to hosting your New Years Eve party at a restaurant or catering hall is you will be limited in the hours of the party, there may be some restrictions placed on the entertainment and their will also likely be limitation on the food and beverages you can offer your guests. Giving these advantages and disadvantages as well as the costs associated with hosting a New Years Eve party...