Jay and Josh are graduating high school next month. They are physically fit, having worked out for at least a year. They have come to your firm to discuss their goal of becoming unarmed security guards and forming a security company of unarmed guards as soon as possible. They do not have much money, so they tell you that they are not interested in any type of business organization which costs money to form. They want to do business as a d/b/a. And most importantly, they want to get their business up and running immediately upon graduation.

1. Aside from name, address, contact info, what other personal info from the potential clients, what very important thing(s) do you need to know as an initial matter or matters?

2. What searches do you have to do and why?

3. Given their limitations regarding finances and desire to start immediately upon graduation, what type of business entity could they form and why?

4. Given the type of business entity you selected for them, may they hire employees? If so, is there anything they must do if they hire employees? If not, why not?

5. Given the type of business entity you selected for them, may they hire independent contractors? If so, is there anything they must do if they hire independent contractors? If not, why not?

6. Is their goal realistic and why or why not?