1) Does this company have abnormally high operation risk compared to average new or small businesses? Do the owners need to make extra effort to protect their personal assets (meaning separate personal assets from business assets)? Will having business related insurances alone be sufficient to protect the owners against potential risks and liabilities?

(2) At its early years, will the business be more likely to have business loss or profit ? If it tends to lose money in early years, can the business forms you recommended help the owners to reduce their personal income tax? If it is more prone to make money in early years, can the business forms you recommended help the owners to reduce their personal income tax?

(3) Is it likely for this particular business to change its owners/partners in next 2-3 years? If it does, will the organization forms you recommended allow them to do so easily, or at low cost?

(4) What are the advantages and disadvantages of using each recommended organization form for this particular business?

Case 3: Peter is a money manager. He has 5 years of working experience with good investment record. He knows some wealthy families who want him to manage some of their money. Peter thinks this is a good opportunity for him to start his own private equity firm. He will use this firm to manage these families' money, and attract more funding from other accredited investors. Peter and his team will use the collected funds to invest in young but promising businesses. What are the top 2 most suitable business forms that they should consider use?