George Wright and Sal King are thinking about opening a new restaurant. Wright has extensive marketing experience but does not know that much about food preparation. However, King is an excellent chef. Both will work in the business, but Wright will provide most of the funds necessary to start the business. At this time, they cannot decide whether to operate the business as a partnership, corporation or LLC.

Prepare a written memo to Wright and King describing the advantages and disadvantages of each organizational form. Also, from the limited information provided, recommend the organizational form you think they should use.