Help needed.Compare and contrast your peers response. Would you take the same approach? What about their advice do you find insightful? What would you change?

Question:

Gina Grasscutter has a small lawncare business. Her husband, Hank Hubby, helps her from time to time. Ginas business is growing faster than the lawns she cuts. Gina comes to you, a new lawyer, for advice on how to protect her business.

Using this weeks material, advise Gina on the types of business organizations that might benefit her and why. Also, advise Gina on what, if any, effect HHs marriage to her and his help for her business might have.

Response:

For legal counseling, I would advise Gina to register her business as a partnership, which then Hank Hubby and Gina will be owners of the business. That wouldn't have to many issue but there will be more benefits of being a co-owner of the business. They will both making advances through taxation system, plus both partners are owners then some of the travel expenses can be adjusted in deductibles. There are some issue such as both members will be liable for all debts associated with the business itself (Beatty).

Would you choose a specific type of partnership, such as a general partnership? LLP? LLLLP?