Please choose the corporation entity and the reasons why ?

Font Ell Paragraph El Styles Ell | Voice | Editor IReuseFilesl Hypothetical: In late 2015 there is suddenly a health m and more and more people are seeking vitamins and/or health foods to stay t and healthy. You and your best friend (Julie) decide to take advantage of an opportunity. You both have about $5,000 apiece saved up that you each want to invest to get a business started. You and Julie decide to start an on-line business selling vitamins and health drinks. You both want equal control of the company, and will invest all your funds equally. You both know that these types of businesses lose money in the rst year. BUT you also know that after the rst year prots will be generated, as long as you can attract more capital (53$) from new investors to keep up with your inventory requirements (vitamins and health drinks that you buy wholesale). You agree that when you decide to seek additional funds, you will bring in new business partners but you don't want them to gain control of the company you started together. Also, 2 additional facts: (i) Julie informed you that she may have only another year or 2 (at most) to live due to a terminal illness. She especially wants to get this business going so that it can help provide nancially for her daughter and son when she is no longer around to do so, and (ii) You are currently employed full time in a real estate rm where you make pretty good money. You will make a good salary in this real estate job in the rst year when your on-line business is started. But after the rst year of the on-line business you want to quit the real estate gig and go full-time with the online business to continue to help it grow and prosper. Question: What type of business entity would you and Julie decide reform initially, and what factors might lead you 2'0 that decision