determine the form of business ownership or ownership strategy that each case depicts. You need to write the detailed reason for your choice.

Limited liability company (LLC) Close/private corporation

General partnership Sole proprietorship

Limited liability partnership (LLP) Nonprofit corporation

C corporation S corporation

Limited partnership Piggyback franchise

Product trade-name franchise Joint venture

Multi-level marketing Business-format franchise

Licensing

of this case study:

Kyle and Palo had been friends for a long time. The friends shared a common interest in computer technology. Kyle had done some software design and computer work on his own for neighbors and family friends. It wasnt long before he realized that there was a demand for small businesses to have affordable computer consultants. He decided to start a business. Kyle discussed his venture with Palo and asked him if he would like to combine capital and take an active role in the business with him. Both Kyle and Palo are equally responsible for the businesses risks and rewards.