Asad has hired you as his business consultant to help him make good decisions. Give him advice on his questions: What are the advantages and disadvantages of forming the business as: a corporation? a partnership? a limited liability company? What is his potential liability as an individual and what can he do to limit his risk? What issues might arise from following his business associates' advice? What other factors should he take under consideration? In helping Asad with the business plan, explain: How he can value his business What the business can do to reduce its risk How the owners can limit their liability What the business should (and should not!) do to protect against lawsuits What factors he must consider on how to raise capital What mix of capital the business should have