Your neighbor, Norman Vetter, has always been tinkering in his garage with his inventions. He believes he has finally come up with one that could really sell well. He is a little concerned about some potential safety issues, but he believes those issues will be worked out. He wants to form a business to manufacture and sell his invention and has come to you for advice. In particular, he would like to know the advantages and disadvantages of forming a corporation, rather than simply organizing as a sole proprietor.

Required 

Write a brief memorandum to your neighbor explaining the advantages and disadvantages of the corporate form of organization.