Answered step by step
Verified Expert Solution
Question
1 Approved Answer
After sorting out this non-competition clause, Mark decides to go ahead and start his business. He quits his job at DP and begins to work
After sorting out this non-competition clause, Mark decides to go ahead and start his business. He quits his job at DP and begins to work with Sacha. Mark and Sacha know that they need to formalize their business structure. They know that they can either operate as a partnership or incorporate a company. Mark and Sacha will hire a lawyer to do the paperwork, but they want to research their options ahead of time to save on legal fees.
- Compare and contrast partnerships and incorporations in British Columbia. Explain both options, what are the differences and similarities, and what are the benefits and drawbacks? Note any applicable legislation.
- Make a recommendation for Mark and Sacha's situation. What is the best option for them and why? Take into consideration all the relevant factors, including the nature of the business.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started