please help me write a business letter using IRAC

Objective: To write a business letter to your future co-founder of a new business explaining the most advantageous form of business entity from a legal perspective. You will apply IRAC to reach a conclusion on a recommended business entity that adequately addresses the presented issues (management control and owner liability). You will write a letter to your friend and future co-founder, in which you must "make your case" (or persuade him/her) as to why your recommendation should be followed. Hypothetical Facts: You and your friend have developed a promising business idea. Over coffee, your friend asks you to form a new company with him/her to further develop this opportunity. You respond with caution: "There is nobody else I'd prefer to be in business with. However, I would like us to proceed cautiously and research which type of business entity will allow us to move forward appropriately." Because your company will be a small start-up, in addition to being owners, you both will expect to be decision-makers in the day-to-day operations and to oversee the work of new employees and even perform some of the work yourselves. At the same time, you both desire the ability to grow your company by adding more potential passive investors/owners in the future. Instructions: Write a business letter to your friend explaining which business entity, from a legal perspective, would be most advantageous for you both. State your reasons clearly, weighing the pros/cons of your selection. Please compare/contrast the selected structure with a general partnership. Use "IRAC" for your paragraphs. IRAC stands for: Issue, Rule, Analysis, Conclusion Under IRAC, you: State the Issue. State the Rule (this can be more than 1 sentence). Analyze it (apply the rule to the relevant facts) (this can be more than 1 sentence). State your Conclusion. Your letter should address the following two legal considerations: (1) management control - based on the facts above, which business entity provides the desired level of management control and ability to grow the business by adding new investors/owners in the future? (2) owner liability - as an owner, which business entity best protects your risk of personal liability for the losses and debts of the business entity? Your letter need not address business formation costs, taxation advantages/disadvantages, capitalization ratios, on other accounting reasons. Presentation: Your submission is to be typed using proper grammar and spelling. Please use