1. Discuss the advantages and disadvantages of all of the partners being involved in managing the business.
2. Discuss the advantages and disadvantages of one or two of you managing the business and the others being silent partners.
3. In looking at the options for obtaining additional funding, what are the advantages and disadvantages of debt financing and stock ownership.
4. Discuss the type of information you believe you will need for developing your business plan and identify possible sources of this information.

Detailed answer for each question