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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.

  1. 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.
  2. 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.

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