Carrie, Dave, Naomi, and Andy all plan to become owners of the business in the following ownership percentages, but they are open to your suggestions:

Carrie, 50% Dave, 20% Naomi, 5% Andy, 25%

Carrie will be contributing her designs, good will, and contacts willing to endorse her products for free.

Dave and Naomi will be contributing their hard work and expertise.

Andy will be contributing $500,000 to cover the cost of inventory and initial marketing and other operating expenses. Because the products will be marketed to customers in connection with a physical activity, all four future owners are concerned about potential product and other liability and want to make sure the choice of business entity protects them from personal liability should an adverse event result from product use.

o Assign Value to the organizers equity accounts versus debt payable to the organizers

o Value Each of the organizers cost basis in Tai-Ga?