LAW OF COMMERCIAL TRANSACTIONS Professor: Lois Yoder Beier Project 1: Agency and Business Organizations You are a business lawyer specializing in start-up businesses. One day a new client, Ernie Entrepreneur, enters your office and indicates that he is interested in starting a lawn care/landscaping/snow removal business. He has a limited amount of capital at the outset, so he indicates that he will probably be a one-person operation at the beginning. handling all aspects of the business. His goal, however, is to grow the business to the point where he may get partners or employees, like his friend Bert, to help. Eventually, his plan is that the business develops to the point where his role is simply to manage the operations. He seeks your advice on how to begin. What do you tell him? Please advise your client on the following issues 1. The choices of business organizations available, including the requirements of each form. Please state all of the advantages and disadvantages of each form from a legal, administrative, financial, as well as operational perspective. 2. Which form would you advise best meets Ernie's needs and why? 3. What role/roles would you recommend Ernie hold in the organization? Please define the available roles and why you chose your recommendation 4. How is Ernie to compensate you for your services? Please submit to Professor Beier by the due date, a typed copy of your recommendation for your client, Ernie Entrepreneur. Be Complete