1. Please identify the factors an entrepreneur should consider in selecting a business form

2. What are some of the key differences between an S corporation and a limited liability company?

3. Mike, Peter, and Aaron formed a partnership in the State of Mercy to distribute alcoholic beverages. Their partnership agreement provided that the partnership would continue until December 31, 2012. Which of the following events would cause their partnership to dissolve? If so when their partnership will dissolve? Please briefly explain.

a. Peter assigns his interest in the partnership to Bobby on May 31, 2009.

b. Helen dies on April 1, 2010.

c. George withdraws from the partnership on November 30, 2007.

d. In 2010, the legislature in the State of Mercy passed a statute to make the sale or distribution of any alcoholic beverages illegal.

e. Peter filed for bankruptcy on April 1, 2011