Business Law (Business Organization) Read the scenario, find out what type of business entity Sally and Sue are going to do(Sole Proprietorship, Partnership-General or limited, Corporation, LLC). And answer the questions. Scenario 1: Three computer geeks, Mal, Cookie, and Zip, recently graduated from Collin College and want to start a business doing web design and computer hardware/software trouble shooting. They each have $50,000 to invest in the venture. 1. What entity is this? Is the entity subject to a franchise tax? 2. What is the cost to form the entity? 3. What statute governs the formation of the entity? 4. Who can be a registered agent? 5. What is required to form the entity? 6. Look at the form for creating the entity. What information is required? Scenario 2: Sally and Sue are college students and want to start a lawn mowing and landscape business called "ChicksMOW2." They each have $500 to invest in the venture. 1. What entity is this? Is the entity subject to a franchise tax? 2. What is the cost to form the entity? 3. What statute governs the formation of the entity? 4. Who can be a registered agent? 5. What is required to form the entity? 6. Look at the form for creating the entity. What information is required