Question
David and Jane want to start a new business providing cyber-security services to businesses. David would bring his industry knowledge and his business contacts and
David and Jane want to start a new business providing cyber-security services to businesses. David would bring his industry knowledge and his business contacts and networking skills to secure new contracts. Jane would provide her managerial and operational skills. David and Jane have good day-time jobs, so neither of them will draw salaries. They plan to hire one or two employees at the beginning. They will each contribute $50,000 in cash. If the business is successful, they want to be able to quit their day jobs and draw a salary from the business. What business organization(s) may David and Jane choose for their cyber-security business? Answer the question by (a) discussing the advantages and disadvantages of each appropriate business organization; (b) for each named business organization, identifying David's and Jane's role(s) (i.e., what position or title they would hold in the business?)
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