Background Information Bruno and his friend Bobby decide to open a Tattoo and Body Piercing Parlour. Bruno is a talented tattoo artist and Bobby enjoys poking holes in living things.

Assignment Question: Using the 6 Legal Considerations of Business Organization, evaluate their decision to organize their business as a partnership. Was it the right decision? How would you deal with any disadvantages with their choice?

1. Ownership, control, and formation of business:

2. Financing:

3. Liability:

4. Profit:

5. Income Taxation of Profit:

6. Continuity: