Nick anticipates the need to raise approximately $500,000 in money to start his company, Nick is willing to invest $100,000 of his own personal money which means the remixining funds must come from outside sources Nick's Personal Life Nick has not approached any of his friends to see if they would be mterested in participating in this exciting business venture. As a result, Nick is unaware of how much money each friend could contribute (if interested) or how much participation they would want in managing his dental sales and repair company. His best friend did graduate from NAIT at the same time as him and might be interested in pursuing the venture collaboratively Nick Currently lives in a high-rise condo. The condo was purchased four years ago for $500,000 using the cash proceeda Nick received from an inheritance As such, Nick's personal residence has been "paud in full and no money is owing on it. Nick has a very good credit score and always pays hus bills on time (including his credit carda) Nick loves his personal residence and under no circumstances would Nick consider selling his property as an as a means of raising money Required: Nick has the following questions 1. What legal forms are available to put in order to establish & tun the dental equipment pales and repair comprary? Dieses the chimntages & disadvantages of each alternative Business Organiston Adyantes 2. Allorations need to prepare financial statements Who would be the mame of my financial statement in the first year of operations? What types of decisions would the financial statement ses be making Users Decision 0