Jack Rudd and Pam Kines are opening an office supply store. The area where the store is located is growing, and no competitors are located in the immediate vicinity. Their most fundamental decision is how to organize the business. Rudd thinks the partnership form is best. Kines favours the corporate form of organization. They seek your advice.
Required
Write a memo to Rudd and Kines to make them aware of the advantages and disadvantages of organizing the business as a corporation. Use the following format for your memo:
Date: _______________
To: Jack Rudd and Pam Kines
From: [Student Name]
Subject: Advantages and disadvantages of the corporate form of business organization