By the time they were seniors in high school, Charlie and Chad had taken a few business courses from the Academy of Finance. They felt confident that they could be successful businessmen if only they could figure out a way to finance their dream company, the Pod Squad. The mobile Pod Squad would sell cell phones, iPods, iPads, and iPhones from the back of a van, which Charlie already owned. The Pod Squad would specialize in the convenience market; customers could call the Pod Squad and have the selection of products brought to their homes rather than having to go somewhere for their purchase. They brought up their idea and their financing dilemma to the accounting teacher, who suggested that they write up a business plan. She told them shed be happy to go with them to present the plan to Mr. Moola, a banker who was on the NAF academy advisory board. The next thing you know, Charlie and Chad were in business! Although completely liable for their professional conduct, they have few other government regulations restricting their business. They get along really well and cant imagine ever not working together, which is good since it might be tough to find a buyer for one persons share of the business. Fortunately, they also do not have to pay separate income taxes on Pod Squad income. They will share the profits 50/50 and pay taxes personally.

I need the business form, rationale. 2 advantages, 2 disadvantages, and the business type please.