Gertrude operates a sky diving business outside Ottawa in partnership with Ike and Tina. They are equal partners, and they own one aircraft for skydiving purposes, 20 parachutes and they have 2 employees. Gertrude is married to Gerry while Ike and tine are married to each other.

They also operate a small restaurant on the premises which serves local residents and customers who take skydiving lessons from them.

Gertrude, Ike, and Tina come to you and ask whether they should incorporate.Do you recommend that they do so? Why or why not? What are the advantages and disadvantages?If they do, how should they structure the corporation? Should they have a shareholder agreement? Why or why not?

Please analyze it in detail