Corey and Clarence have pooled their savings to create a startup company to develop and market an invention they have created together. At this point their invention is a secret widget they have not shared with anyone. So here are the facts of where they are at this point: - They know they want to have a business together to develop and market their widget. They are trying to decide if they should form a limited liability company (LLC) or a C Corporation. - They have a business name selected which is unique according to their research. - They have a unique name for the widget. - They have designed a logo for the business. Instructions: 1. Explain the pros and cons of LLC versus a C Corporation, and advise which of these 2 structures is the best choice for Corey and Clarence. 2. Identify and recommend two (2} types of intellectual property (IF) they can secure in the United States for their widget and for each 1P include the following: 3. Definition of the IP; b. The benefit of the particular IP and the kind of protection it provides; c. Length of time the IP protection will last; and d. The U.S. government agency that issues and/or otherwise oversees the IF