4. Doug grew up on a large farm in southwest Wisconsin. As a college graduation gift, Doug's father gave him several hundred acres of land to raise organic soybeans, grain, and corn. Doug works the fields by himself, negotiates deals with buyers, repairs equipment, and handles all the accounting and financial issues for the business, which is called The Natural Element. 5. Shawna, Maya, and Andre's interior design business was taking off in a big way. Their talent was in high demand. It wasn't long before the trio needed to hire more employees. Since the needs of their company were changing, they reviewed their personal circumstances, nances, and goals. They decided to legally organize the company so it had a limited life as well as limited liability. 6. Ming was an associate orthodontist in a large dental practice. 'While attending a professional seminar, Ming ran into a former colleague, Kevin. He told Ming that he and five others were planning to open their own dental practice. They were looking for an orthodontist to include in their practice. 'Within three months, six members of the dental practice led the necessary paperwork and paid annual fees to the government to start their new dental practice. Before they open for business, they will have to make sure that each member has sufficient malpractice insurance